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 ration/a
CashCA$92.62k
EquityCA$14.29m
Total liabilitiesCA$309.65k
Total assetsCA$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.


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