Rome Resources Balance Sheet Health
Financial Health criteria checks 2/6
Rome Resources has a total shareholder equity of CA$11.5M and total debt of CA$958.9K, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are CA$13.0M and CA$1.5M respectively.
Key information
8.4%
Debt to equity ratio
CA$958.85k
Debt
Interest coverage ratio | n/a |
Cash | CA$87.34k |
Equity | CA$11.48m |
Total liabilities | CA$1.48m |
Total assets | CA$12.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMR's short term assets (CA$100.8K) do not cover its short term liabilities (CA$1.5M).
Long Term Liabilities: RMR's short term assets (CA$100.8K) exceed its long term liabilities (CA$70.0).
Debt to Equity History and Analysis
Debt Level: RMR's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: RMR's debt to equity ratio has increased from 0% to 8.4% 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: RMR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 89.8% each year