RED METAL RESOURCES LTD (RMESF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2022, filed Sep 14, 2021. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RMESF SEC filings page.
This page shows RED METAL RESOURCES LTD (RMESF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financing-dependent operations remain visible as recurring losses and investment outflows persist against negative equity.
The near match between net loss of-$159K and operating cash flow of-$170K in FY2021 suggests the reported loss broadly reflects cash economics, while the additional$28K investment outflow pushed free cash flow to-$198K . Across FY2017-FY2021, financing inflows repeatedly offset operating and investing outflows, indicating that activities were funded externally rather than internally.
The balance sheet became more impaired despite asset growth: negative equity widened from
Liquidity improved from a current ratio of 0.006x in FY2017 to 0.2x in FY2021, but current assets of
Financial Health Signals
RED METAL RESOURCES LTD does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
RED METAL RESOURCES LTD passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
RED METAL RESOURCES LTD reported a net loss of $159K while operations used $170K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
RED METAL RESOURCES LTD reported -$312K in net income in Q2 2022. This represents a decrease of 622.8% from the same quarter a year earlier. Against the prior quarter it is down 134.5%.
Not reported for Q2 2022.
Not reported for Q2 2022.
Not reported for Q2 2022.
Cash & Balance Sheet
RED METAL RESOURCES LTD held $908K in cash as of Q2 2022; long-term debt is not reported for that period.
Not reported for Q2 2022.
Not reported for Q2 2022.
Margins & Returns
None of these metrics is reported for Q2 2022.
Capital Allocation
None of these metrics is reported for Q2 2022.
RMESF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $44K+2526.4% | $15K+15.4% | N/A | $6K-72.4% | $2K-88.0% | $13K+16.1% | N/A | $23K+28.3% |
| Interest Expense | $24K+25.3% | $22K+23.7% | N/A | $21K+21.6% | $19K+24.6% | $18K+38.6% | N/A | $17K+57.4% |
| Net Income | -$312K-622.8% | -$133K-837.1% | N/A | $7K+109.1% | -$43K+34.4% | $18K+132.3% | N/A | -$74K-30.3% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
RMESF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7M+90.1% | $884K+14.2% | $778K+16.2% | $819K+7.8% | $894K+12.2% | $775K+4.7% | $670K-9.8% | $760K+15.0% |
| Current Assets | $989K+389.6% | $119K-20.9% | $48K+209.0% | $115K+286.0% | $202K+421.1% | $151K+657.4% | $16K+48.5% | $30K+180.7% |
| Cash & Equivalents | $908K+368.0% | $102K-30.0% | $47K+379.4% | $101K+2239.1% | $194K+503.3% | $145K+806.6% | $10K+13.6% | $4K-6.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.4M+71.3% | $1.6M+28.0% | $1.4M+22.8% | $1.3M+4.6% | $1.4M+15.4% | $1.2M+18.0% | $1.2M+16.4% | $1.2M+43.9% |
| Current Liabilities | $1.0M+276.8% | $262K+3.2% | $209K-52.5% | $163K-60.2% | $277K-31.3% | $254K-35.3% | $440K+16.0% | $409K+19.1% |
| Non-Current Liabilities | $1.3M+19.7% | $1.3M+34.5% | $1.2M+69.0% | $1.1M+36.2% | $1.1M+39.2% | $977K+50.3% | $716K+16.7% | $839K+60.1% |
| Total Equity | -$663K-36.8% | -$692K-51.5% | -$641K-31.9% | -$487K+0.4% | -$484K-21.8% | -$457K-50.6% | -$486K-94.2% | -$489K-135.9% |
| Retained Earnings | -$10.2M-6.0% | -$9.9M-3.2% | -$9.7M-1.7% | -$9.6M-1.5% | -$9.6M-2.4% | -$9.6M-2.7% | -$9.6M-3.5% | -$9.5M-2.8% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
RMESF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$317K-1662.2% | -$86K-96.1% | -$53K-51.4% | -$55K+10.4% | -$18K+49.6% | -$44K-63.9% | -$35K-110.1% | -$61K-41.0% |
| Capital Expenditures | N/A | N/A | $28K | $0 | N/A | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | -$81K | -$55K+10.4% | N/A | N/A | N/A | -$61K |
| Investing Cash Flow | N/A | N/A | $0-100.0% | -$28K | N/A | N/A | $12K+121.2% | $0 |
| Financing Cash Flow | $1.1M+1787.9% | $140K-26.1% | $0-100.0% | -$6K-117.9% | $60K-47.3% | $189K+436.9% | $32K-59.4% | $33K-15.2% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
RMESF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$641K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where RED METAL RESOURCES LTD Ranks
Frequently Asked Questions
Is RED METAL RESOURCES LTD profitable?
No, RED METAL RESOURCES LTD (RMESF) reported a net income of -$159K in fiscal year 2021.
What is RED METAL RESOURCES LTD's free cash flow?
RED METAL RESOURCES LTD (RMESF) recorded an outflow of $198K in free cash flow during fiscal year 2021. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is RED METAL RESOURCES LTD's operating cash flow?
RED METAL RESOURCES LTD (RMESF) recorded an outflow of $170K in operating cash flow during fiscal year 2021, representing cash used by core business activities.
What are RED METAL RESOURCES LTD's total assets?
RED METAL RESOURCES LTD (RMESF) had $778K in total assets as of fiscal year 2021, including both current and long-term assets.
What are RED METAL RESOURCES LTD's capital expenditures?
RED METAL RESOURCES LTD (RMESF) invested $28K in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is RED METAL RESOURCES LTD's current ratio?
RED METAL RESOURCES LTD (RMESF) had a current ratio of 0.23 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is RED METAL RESOURCES LTD's return on assets (ROA)?
RED METAL RESOURCES LTD (RMESF) had a return on assets of -20.5% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is RED METAL RESOURCES LTD's P/E ratio?
RED METAL RESOURCES LTD (RMESF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2021). The market capitalization is $14.6M as of Sep 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is RED METAL RESOURCES LTD's price-to-sales ratio?
RED METAL RESOURCES LTD (RMESF) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $14.6M as of Sep 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does RED METAL RESOURCES LTD's liquidity compare with its operating cash outflow?
At the end of fiscal year 2021, RED METAL RESOURCES LTD (RMESF) held $47K in cash, cash equivalents and investments, and reported an operating cash outflow of $170K over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is RED METAL RESOURCES LTD's debt-to-equity ratio negative or not reported?
RED METAL RESOURCES LTD (RMESF) has negative shareholder equity of -$641K as of fiscal year 2021, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is RED METAL RESOURCES LTD's Piotroski F-Score?
RED METAL RESOURCES LTD (RMESF) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RED METAL RESOURCES LTD's earnings high quality?
RED METAL RESOURCES LTD (RMESF) reported a net loss of $159K while operations used $170K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.