Royal Road Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Royal Road Minerals has a total shareholder equity of CA$12.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$12.4M and CA$363.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$11.03m |
| Equity | CA$12.07m |
| Total liabilities | CA$363.11k |
| Total assets | CA$12.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RRDM.F's short term assets (CA$11.4M) exceed its short term liabilities (CA$341.3K).
Long Term Liabilities: RRDM.F's short term assets (CA$11.4M) exceed its long term liabilities (CA$21.8K).
Debt to Equity History and Analysis
Debt Level: RRDM.F is debt free.
Reducing Debt: RRDM.F had no debt 5 years ago.
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: RRDM.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RRDM.F has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 5.1% each year.