Royal Road Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Royal Road Minerals has a total shareholder equity of CA$10.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.2M and CA$220.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$10.26m |
Equity | CA$10.94m |
Total liabilities | CA$220.27k |
Total assets | CA$11.16m |
Recent financial health updates
We're Not Very Worried About Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Oct 09We're Not Very Worried About Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Jun 03Will Royal Road Minerals (CVE:RYR) Spend Its Cash Wisely?
Feb 19We're Keeping An Eye On Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Nov 06Here's Why We're Not At All Concerned With Royal Road Minerals' (CVE:RYR) Cash Burn Situation
Mar 01Recent updates
We're Not Very Worried About Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Oct 09We're Not Very Worried About Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Jun 03Will Royal Road Minerals (CVE:RYR) Spend Its Cash Wisely?
Feb 19We're Keeping An Eye On Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Nov 06Here's Why We're Not At All Concerned With Royal Road Minerals' (CVE:RYR) Cash Burn Situation
Mar 01Financial Position Analysis
Short Term Liabilities: RYR's short term assets (CA$10.5M) exceed its short term liabilities (CA$208.7K).
Long Term Liabilities: RYR's short term assets (CA$10.5M) exceed its long term liabilities (CA$11.6K).
Debt to Equity History and Analysis
Debt Level: RYR is debt free.
Reducing Debt: RYR 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: RYR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: RYR has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 6.6% each year.