Royal Road Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Royal Road Minerals has a total shareholder equity of CA$12.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$13.2M and CA$464.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$11.58m |
| Equity | CA$12.77m |
| Total liabilities | CA$464.48k |
| Total assets | CA$13.24m |
Recent financial health updates
We're Not Very Worried About Royal Road Minerals' (CVE:RYR) Cash Burn Rate
Jun 03
Will 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
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$11.7M) exceed its short term liabilities (CA$432.5K).
Long Term Liabilities: RYR's short term assets (CA$11.7M) exceed its long term liabilities (CA$32.0K).
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 a year based on its current free cash flow.
Forecast Cash Runway: RYR has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 3.4% each year.