Rainbow Rare Earths Balance Sheet Health
Financial Health criteria checks 3/6
Rainbow Rare Earths has a total shareholder equity of $13.8M and total debt of $437.0K, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are $16.3M and $2.4M respectively.
Key information
3.2%
Debt to equity ratio
US$437.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$79.00k |
| Equity | US$13.84m |
| Total liabilities | US$2.43m |
| Total assets | US$16.28m |
Financial Position Analysis
Short Term Liabilities: RBW's short term assets ($454.0K) do not cover its short term liabilities ($2.1M).
Long Term Liabilities: RBW's short term assets ($454.0K) exceed its long term liabilities ($291.0K).
Debt to Equity History and Analysis
Debt Level: RBW's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: RBW's debt to equity ratio has reduced from 46.3% to 3.2% 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: RBW has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RBW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.6% each year