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RMESF (Red Metal Resources) Financial Strength : 0 (As of Jul. 2024)


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What is Red Metal Resources Financial Strength?

Red Metal Resources has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Red Metal Resources did not have earnings to cover the interest expense. As of today, Red Metal Resources's Altman Z-Score is 0.00.


Competitive Comparison of Red Metal Resources's Financial Strength

For the Other Industrial Metals & Mining subindustry, Red Metal Resources's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Red Metal Resources's Financial Strength Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Red Metal Resources's Financial Strength distribution charts can be found below:

* The bar in red indicates where Red Metal Resources's Financial Strength falls into.



Red Metal Resources Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Red Metal Resources's Interest Expense for the months ended in Jul. 2024 was $-0.03 Mil. Its Operating Income for the months ended in Jul. 2024 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $1.20 Mil.

Red Metal Resources's Interest Coverage for the quarter that ended in Jul. 2024 is

Red Metal Resources did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Red Metal Resources's Debt to Revenue Ratio for the quarter that ended in Jul. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jul. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.236 + 1.203) / 0
=N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Red Metal Resources has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Red Metal Resources  (OTCPK:RMESF) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Red Metal Resources has the Financial Strength Rank of 0.


Red Metal Resources Financial Strength Related Terms

Thank you for viewing the detailed overview of Red Metal Resources's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Red Metal Resources Business Description

Traded in Other Exchanges
Address
1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4
Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property and the Mateo Project located on the Mateo Property.
Executives
Richard Jeffs 10 percent owner FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks director 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael director PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta officer: Chief Financial Officer #810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs 10 percent owner 4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic 10 percent owner P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc. 10 percent owner SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell 10 percent owner ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di director, 10 percent owner, officer: CEO, President, and CFO 10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3

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