Ridgeline Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Ridgeline Minerals has a total shareholder equity of $12.3M and total debt of $152.6K, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are $12.5M and $242.6K respectively.
Key information
1.2%
Debt to equity ratio
US$152.59k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.28m |
| Equity | US$12.27m |
| Total liabilities | US$242.57k |
| Total assets | US$12.52m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RDG's short term assets ($1.4M) exceed its short term liabilities ($100.4K).
Long Term Liabilities: RDG's short term assets ($1.4M) exceed its long term liabilities ($142.1K).
Debt to Equity History and Analysis
Debt Level: RDG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RDG's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RDG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RDG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.2% each year