Rocky Mountain Industrials Balance Sheet Health
Financial Health criteria checks 0/6
Rocky Mountain Industrials has a total shareholder equity of $4.6M and total debt of $20.4M, which brings its debt-to-equity ratio to 441.8%. Its total assets and total liabilities are $33.9M and $29.2M respectively.
Key information
441.8%
Debt to equity ratio
US$20.40m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.12m |
| Equity | US$4.62m |
| Total liabilities | US$29.24m |
| Total assets | US$33.86m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: RMRI's short term assets ($7.0M) do not cover its short term liabilities ($8.4M).
Long Term Liabilities: RMRI's short term assets ($7.0M) do not cover its long term liabilities ($20.8M).
Debt to Equity History and Analysis
Debt Level: RMRI's net debt to equity ratio (374.3%) is considered high.
Reducing Debt: RMRI's debt to equity ratio has increased from 5% to 441.8% over the past 5 years.
Debt Coverage: RMRI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RMRI's interest payments on its debt are well covered by EBIT.