Rigel Resource Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Rigel Resource Acquisition has a total shareholder equity of $-31.3M and total debt of $9.6M, which brings its debt-to-equity ratio to -30.8%. Its total assets and total liabilities are $82.4M and $113.7M respectively.
Key information
-30.8%
Debt to equity ratio
US$9.64m
Debt
| Interest coverage ratio | n/a |
| Cash | US$211.46k |
| Equity | -US$31.30m |
| Total liabilities | US$113.71m |
| Total assets | US$82.41m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RRAC.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RRAC.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RRAC.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RRAC.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: RRAC.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RRAC.F's interest payments on its debt are well covered by EBIT.