Royal Helium Balance Sheet Health
Financial Health criteria checks 0/6
Royal Helium has a total shareholder equity of CA$49.6M and total debt of CA$30.9M, which brings its debt-to-equity ratio to 62.2%. Its total assets and total liabilities are CA$91.8M and CA$42.2M respectively.
Key information
62.2%
Debt to equity ratio
CA$30.87m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.61m |
Equity | CA$49.61m |
Total liabilities | CA$42.21m |
Total assets | CA$91.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RD31's short term assets (CA$4.5M) do not cover its short term liabilities (CA$10.9M).
Long Term Liabilities: RD31's short term assets (CA$4.5M) do not cover its long term liabilities (CA$31.3M).
Debt to Equity History and Analysis
Debt Level: RD31's net debt to equity ratio (57%) is considered high.
Reducing Debt: RD31's debt to equity ratio has increased from 0% to 62.2% 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: RD31 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RD31 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.