Red Pine Exploration Balance Sheet Health
Financial Health criteria checks 6/6
Red Pine Exploration has a total shareholder equity of CA$692.3K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.1M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.44m |
| Equity | CA$692.33k |
| Total liabilities | CA$1.44m |
| Total assets | CA$2.13m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RPX's short term assets (CA$1.6M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: RPX's short term assets (CA$1.6M) exceed its long term liabilities (CA$49.6K).
Debt to Equity History and Analysis
Debt Level: RPX is debt free.
Reducing Debt: RPX 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: RPX has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RPX is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.