Royal Helium Balance Sheet Health
Financial Health criteria checks 0/6
Royal Helium has a total shareholder equity of CA$50.2M and total debt of CA$30.4M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CA$89.1M and CA$39.0M respectively.
Key information
60.5%
Debt to equity ratio
CA$30.37m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$209.63k |
| Equity | CA$50.17m |
| Total liabilities | CA$38.96m |
| Total assets | CA$89.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RD31's short term assets (CA$3.2M) do not cover its short term liabilities (CA$12.8M).
Long Term Liabilities: RD31's short term assets (CA$3.2M) do not cover its long term liabilities (CA$26.2M).
Debt to Equity History and Analysis
Debt Level: RD31's net debt to equity ratio (60.1%) is considered high.
Reducing Debt: RD31's debt to equity ratio has increased from 0% to 60.5% 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: RD31 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RD31 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.1% each year