Rocky Mountain Industrials Balance Sheet Health
Financial Health criteria checks 2/6
Rocky Mountain Industrials has a total shareholder equity of $3.5M and total debt of $7.9M, which brings its debt-to-equity ratio to 228.3%. Its total assets and total liabilities are $19.6M and $16.2M respectively.
Key information
228.3%
Debt to equity ratio
US$7.94m
Debt
Interest coverage ratio | n/a |
Cash | US$3.10m |
Equity | US$3.48m |
Total liabilities | US$16.17m |
Total assets | US$19.65m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: RMRI's short term assets ($6.0M) do not cover its short term liabilities ($7.7M).
Long Term Liabilities: RMRI's short term assets ($6.0M) do not cover its long term liabilities ($8.5M).
Debt to Equity History and Analysis
Debt Level: RMRI's net debt to equity ratio (139.3%) is considered high.
Reducing Debt: RMRI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: RMRI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMRI has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 7.4% each year.