Ridgestone Mining Balance Sheet Health
Financial Health criteria checks 3/6
Ridgestone Mining has a total shareholder equity of CA$1.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.5M and CA$429.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$223.35k |
Equity | CA$1.06m |
Total liabilities | CA$429.66k |
Total assets | CA$1.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4U50's short term assets (CA$245.6K) do not cover its short term liabilities (CA$429.7K).
Long Term Liabilities: 4U50 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 4U50 is debt free.
Reducing Debt: 4U50 has no debt compared to 5 years ago when its debt to equity ratio was 8.2%.
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: 4U50 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 4U50 has less than a year of cash runway if free cash flow continues to grow at historical rates of 25.8% each year.