Rome Resources Balance Sheet Health
Financial Health criteria checks 2/6
Rome Resources has a total shareholder equity of CA$12.4M and total debt of CA$3.0M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CA$15.6M and CA$3.3M respectively.
Key information
23.9%
Debt to equity ratio
CA$2.96m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$316.91k |
| Equity | CA$12.37m |
| Total liabilities | CA$3.26m |
| Total assets | CA$15.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMR's short term assets (CA$376.1K) do not cover its short term liabilities (CA$3.3M).
Long Term Liabilities: RMR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMR's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: RMR's debt to equity ratio has increased from 0% to 23.9% 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: RMR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 85.7% each year