Red Metal Resources Ltd. RMES OTC

Red Metal Resources Ltd. (RMES) reported total assets of $1.7M and total liabilities of $2.36M for quarter ending 2021-07-31, resulting in total equity of $-662.63K.

The company held $130.65K in cash and short-term investments. Total debt stood at $1.21M, with net debt of $1.08M. The Debt-to-Equity (D/E) ratio was -1.83 (conservative).

Current ratio is 0.95, which may signal tight short-term liquidity. Interest coverage is -13x (weak).

Criteria supported by this page:

• HEALTH (0/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
• MOAT (28/100) — Total assets $1.7M and equity $-662.63K support the company's competitive scale

Overall SharesGrow Score: 10/100 with 0/7 criteria passed.