Riverside Resources Balance Sheet Health
Financial Health criteria checks 6/6
Riverside Resources has a total shareholder equity of CA$12.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$14.2M and CA$1.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.98m |
| Equity | CA$12.57m |
| Total liabilities | CA$1.62m |
| Total assets | CA$14.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RRI's short term assets (CA$6.5M) exceed its short term liabilities (CA$1.6M).
Long Term Liabilities: RRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RRI is debt free.
Reducing Debt: RRI 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: RRI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RRI has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of 11.1% each year.