Rainbow Rare Earths Balance Sheet Health
Financial Health criteria checks 6/6
Rainbow Rare Earths has a total shareholder equity of $12.3M and total debt of $486.0K, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are $14.1M and $1.8M respectively.
Key information
4.0%
Debt to equity ratio
US$486.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.11m |
| Equity | US$12.25m |
| Total liabilities | US$1.84m |
| Total assets | US$14.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RBWL's short term assets ($9.2M) exceed its short term liabilities ($1.5M).
Long Term Liabilities: RBWL's short term assets ($9.2M) exceed its long term liabilities ($361.0K).
Debt to Equity History and Analysis
Debt Level: RBWL has more cash than its total debt.
Reducing Debt: RBWL's debt to equity ratio has reduced from 7.3% to 4% 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: RBWL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RBWL has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 5.3% each year.