Red Rock Resources Balance Sheet Health
Financial Health criteria checks 1/6
Red Rock Resources has a total shareholder equity of £13.8M and total debt of £2.8M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are £19.1M and £5.3M respectively.
Key information
20.1%
Debt to equity ratio
UK£2.77m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£82.00k |
| Equity | UK£13.82m |
| Total liabilities | UK£5.29m |
| Total assets | UK£19.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R2TA's short term assets (£749.0K) do not cover its short term liabilities (£3.7M).
Long Term Liabilities: R2TA's short term assets (£749.0K) do not cover its long term liabilities (£1.5M).
Debt to Equity History and Analysis
Debt Level: R2TA's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: R2TA's debt to equity ratio has increased from 10.9% to 20.1% 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: Insufficient data to determine if R2TA has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if R2TA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.