Route 109 Resources Balance Sheet Health
Financial Health criteria checks 4/6
Route 109 Resources has a total shareholder equity of CA$14.3M and total debt of CA$220.2K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$14.6M and CA$309.6K respectively.
Key information
1.5%
Debt to equity ratio
CA$220.22k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$92.62k |
| Equity | CA$14.29m |
| Total liabilities | CA$309.65k |
| Total assets | CA$14.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RTE's short term assets (CA$111.6K) exceed its short term liabilities (CA$89.4K).
Long Term Liabilities: RTE's short term assets (CA$111.6K) do not cover its long term liabilities (CA$220.2K).
Debt to Equity History and Analysis
Debt Level: RTE's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: RTE's debt to equity ratio has increased from 0% to 1.5% 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: RTE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RTE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.