Rio2 Balance Sheet Health
Financial Health criteria checks 5/6
Rio2 has a total shareholder equity of $73.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $108.4M and $35.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.60m |
| Equity | US$73.21m |
| Total liabilities | US$35.21m |
| Total assets | US$108.42m |
Recent financial health updates
We're Not Worried About Rio2's (CVE:RIO) Cash Burn
Dec 11
Rio2 (CVE:RIO) Is In A Good Position To Deliver On Growth Plans
Aug 28Here's Why We're Watching Rio2's (CVE:RIO) Cash Burn Situation
Apr 23Is Rio2 (CVE:RIO) In A Good Position To Deliver On Growth Plans?
Dec 05Recent updates
We're Not Worried About Rio2's (CVE:RIO) Cash Burn
Dec 11Rio2 (CVE:RIO) Is In A Good Position To Deliver On Growth Plans
Aug 28Here's Why We're Watching Rio2's (CVE:RIO) Cash Burn Situation
Apr 23Is Rio2 (CVE:RIO) In A Good Position To Deliver On Growth Plans?
Dec 05Is Rio2 Limited's (CVE:RIO) Shareholder Ownership Skewed Towards Insiders?
Feb 05How Much Are Rio2 Limited (CVE:RIO) Insiders Spending On Buying Shares?
Dec 14
Financial Position Analysis
Short Term Liabilities: RIO's short term assets ($4.9M) exceed its short term liabilities ($633.8K).
Long Term Liabilities: RIO's short term assets ($4.9M) do not cover its long term liabilities ($34.6M).
Debt to Equity History and Analysis
Debt Level: RIO is debt free.
Reducing Debt: RIO had no debt 5 years ago.
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: RIO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RIO is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.