Ridgeline Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Ridgeline Minerals has a total shareholder equity of $11.5M and total debt of $60.6K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are $11.7M and $195.1K respectively.
Key information
0.5%
Debt to equity ratio
US$60.56k
Debt
Interest coverage ratio | n/a |
Cash | US$505.05k |
Equity | US$11.50m |
Total liabilities | US$195.15k |
Total assets | US$11.70m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RDG's short term assets ($682.4K) exceed its short term liabilities ($118.9K).
Long Term Liabilities: RDG's short term assets ($682.4K) exceed its long term liabilities ($76.2K).
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 sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RDG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.