Richmond Minerals Balance Sheet Health

Financial Health criteria checks 4/6

Richmond Minerals has a total shareholder equity of CA$2.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.7M and CA$762.5K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$212.12k
Equity	CA$2.95m
Total liabilities	CA$762.52k
Total assets	CA$3.71m

Recent financial health updates

Recent updates

Have Insiders Been Buying Richmond Minerals Inc. (CVE:RMD) Shares?

Dec 29

Financial Position Analysis

Short Term Liabilities: RMD's short term assets (CA$243.6K) do not cover its short term liabilities (CA$447.5K).

Long Term Liabilities: RMD's short term assets (CA$243.6K) do not cover its long term liabilities (CA$315.0K).

Debt to Equity History and Analysis

Debt Level: RMD is debt free.

Reducing Debt: RMD had no debt 5 years ago.

Debt Coverage: RMD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RMD has no debt, therefore coverage of interest payments is not a concern.

Richmond Minerals Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Richmond Minerals Inc. Auditor Raises 'Going Concern' Doubt

Recent updates

New minor risk - Shareholder dilution

Richmond Minerals Inc. announced that it has received CAD 0.34 million in funding from KNP Group Inc and other investors

Richmond Minerals Inc. announced that it expects to receive CAD 0.34 million in funding

Richmond Minerals Inc. Provides an Update for Exploration Work At the Ridley Lake Gold Project

Richmond Minerals Inc., Annual General Meeting, Sep 25, 2023

Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million.

Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million.

European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD).

Less than half of directors are independent

Insufficient new directors

Richmond Minerals Inc. Provides Exploration Results for its August 2022 Field Reconnaissance Campaign Completed at its Bretstein Lithium Project Located in Styria Mining District of Central Austria, Europe

Richmond Minerals Inc. (TSXV:RMD) acquired 364 exploration licenses.

Richmond Minerals Inc., Annual General Meeting, Nov 30, 2022

Richmond Minerals Inc. (TSXV:RMD) agreed to acquire PORTFOLIO OF CRTITCAL METAL AND GOLD PROPERTIES IN CENTRAL EUROPE from High Grade Metals Limited.

Richmond Minerals Inc. announced that it has received CAD 0.1291 million in funding

Richmond Minerals Inc. announced that it expects to receive CAD 0.18 million in funding

Richmond Minerals Inc. Provides an Update for On-Going Fieldwork At the Oberzeiring Polymetallic Project Located in the Styria Mining District of Central Austria

Richmond Minerals Inc. Announces Highest Grade Intersection to Date with 18.2 G/T Gold over 3 Metres At the Ridley Lake Project

Have Insiders Been Buying Richmond Minerals Inc. (CVE:RMD) Shares?

Richmond Minerals Inc. Announces the Resumption of Drilling at the Ridley Lake Gold Project

Richmond Minerals Inc. announced that it has received CAD 0.115 million in funding

Richmond Minerals Inc. Provides Update for Exploration Work At the Ridley Lake Gold Project

Richmond Minerals Inc. Auditor Raises 'Going Concern' Doubt

Richmond Minerals Inc. announced that it has received CAD 0.8 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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