Rainbow Rare Earths Balance Sheet Health
Financial Health criteria checks 4/6
Rainbow Rare Earths has a total shareholder equity of $16.4M and total debt of $533.0K, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $18.8M and $2.4M respectively.
Key information
3.3%
Debt to equity ratio
US$533.00k
Debt
Interest coverage ratio | n/a |
Cash | US$4.00m |
Equity | US$16.39m |
Total liabilities | US$2.38m |
Total assets | US$18.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RR1's short term assets ($5.3M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: RR1's short term assets ($5.3M) exceed its long term liabilities ($397.0K).
Debt to Equity History and Analysis
Debt Level: RR1 has more cash than its total debt.
Reducing Debt: RR1's debt to equity ratio has reduced from 10.3% to 3.3% 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: RR1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RR1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.2% each year