Red Metal Resour Financials
This page shows Red Metal Resour (rmesf) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Recurring external funding keeps this asset-holding business running, while weak liquidity prevents a smaller FY2021 loss from easing balance-sheet strain.
The key disconnect is that FY2021 net loss improved sharply versus FY2020, yet cash ended lower at$102K and the current ratio slipped to 0.5x; the income statement looked better without easing day-to-day funding pressure. That happened because operating cash burn still ran ahead of reported losses and capex pulled free cash flow down to-$198K , leaving financing inflows as the practical source of liquidity.
The balance sheet is upside-down: liabilities exceeded assets by roughly
Across the last three valid years, operating cash flow was negative every year while financing cash flow was positive every year, so the business behaves more like a funded vehicle than a self-financing operator. FY2021 selling and administrative expense fell to
Financial Health Signals
Based on FY2021 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Red Metal Resour's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Red Metal Resour's current ratio of 0.46 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Red Metal Resour passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Red Metal Resour generates $1.07 in operating cash flow (-$170K OCF vs -$159K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Red Metal Resour reported -$159K in net income in fiscal year 2021. This represents an increase of 50.5% from the prior year.
Cash & Balance Sheet
Red Metal Resour generated -$198K in free cash flow in fiscal year 2021, representing cash available after capex.
Red Metal Resour held $102K in cash against $0 in long-term debt as of fiscal year 2021.
Red Metal Resour had 41M shares outstanding in fiscal year 2021. This represents an increase of 0.0% from the prior year.
Margins & Returns
Capital Allocation
Red Metal Resour invested $28K in capex in fiscal year 2021, funding long-term assets and infrastructure.
RMESF Income Statement
| Metric | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $44K+190.0% | $15K | N/A | $6K+274.8% | $2K-87.3% | $13K | N/A | $23K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $24K+10.3% | $22K | N/A | $21K+7.1% | $19K+9.0% | $18K | N/A | $17K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$312K-134.5% | -$133K | N/A | $7K+115.6% | -$43K-339.1% | $18K | N/A | -$74K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RMESF Balance Sheet
| Metric | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7M+92.0% | $884K+13.7% | $778K-5.0% | $819K-8.4% | $894K+15.4% | $775K+15.7% | $670K-11.8% | $760K |
| Current Assets | $989K+728.3% | $119K+147.3% | $48K-58.0% | $115K-43.1% | $202K+33.9% | $151K+865.4% | $16K-47.5% | $30K |
| Cash & Equivalents | $908K+793.1% | $102K+115.0% | $47K-53.0% | $101K-48.2% | $194K+33.7% | $145K+1371.8% | $10K+129.4% | $4K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.4M+49.7% | $1.6M+11.1% | $1.4M+8.6% | $1.3M-5.2% | $1.4M+11.9% | $1.2M+6.6% | $1.2M-7.5% | $1.2M |
| Current Liabilities | $1.0M+297.5% | $262K+25.7% | $209K+28.0% | $163K-41.1% | $277K+8.8% | $254K-42.2% | $440K+7.4% | $409K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$663K+4.3% | -$692K-8.0% | -$641K-31.6% | -$487K-0.6% | -$484K-6.0% | -$457K+6.0% | -$486K+0.6% | -$489K |
| Retained Earnings | -$10.2M-3.2% | -$9.9M-1.4% | -$9.7M-1.5% | -$9.6M+0.1% | -$9.6M-0.5% | -$9.6M+0.2% | -$9.6M-1.3% | -$9.5M |
RMESF Cash Flow Statement
| Metric | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$317K-267.7% | -$86K-61.7% | -$53K+2.8% | -$55K-204.9% | -$18K+59.1% | -$44K-24.9% | -$35K+42.5% | -$61K |
| Capital Expenditures | N/A | N/A | $28K | $0 | N/A | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | -$81K-47.7% | -$55K | N/A | N/A | N/A | -$61K |
| Investing Cash Flow | N/A | N/A | $0+100.0% | -$28K | N/A | N/A | $12K | $0 |
| Financing Cash Flow | $1.1M+714.6% | $140K | $0+100.0% | -$6K-109.7% | $60K-68.1% | $189K+499.0% | $32K-3.4% | $33K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RMESF Financial Ratios
| Metric | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.4%-3.3pp | -15.1% | N/A | 0.8%+5.7pp | -4.8%-7.2pp | 2.3% | N/A | -9.7% |
| Current Ratio | 0.95+0.5 | 0.46+0.2 | 0.23-0.5 | 0.70-0.0 | 0.73+0.1 | 0.59+0.6 | 0.04-0.0 | 0.07 |
| Debt-to-Equity | -3.56-1.3 | -2.28-0.1 | -2.21+0.5 | -2.68+0.2 | -2.84-0.2 | -2.69-0.3 | -2.38+0.2 | -2.55 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$692K), 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 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Red Metal Resour profitable?
No, Red Metal Resour (rmesf) reported a net income of -$159K in fiscal year 2021.
What is Red Metal Resour's free cash flow?
Red Metal Resour (rmesf) generated -$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 Resour's operating cash flow?
Red Metal Resour (rmesf) generated -$170K in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Red Metal Resour's total assets?
Red Metal Resour (rmesf) had $884K in total assets as of fiscal year 2021, including both current and long-term assets.
What are Red Metal Resour's capital expenditures?
Red Metal Resour (rmesf) invested $28K in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is Red Metal Resour's current ratio?
Red Metal Resour (rmesf) had a current ratio of 0.46 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Red Metal Resour's debt-to-equity ratio?
Red Metal Resour (rmesf) had a debt-to-equity ratio of -2.28 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Red Metal Resour's return on assets (ROA)?
Red Metal Resour (rmesf) had a return on assets of -18.0% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Red Metal Resour's cash runway?
Based on fiscal year 2021 data, Red Metal Resour (rmesf) had $102K in cash against an annual operating cash burn of $170K. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Red Metal Resour's debt-to-equity ratio negative or unusual?
Red Metal Resour (rmesf) has negative shareholder equity of -$692K as of fiscal year 2021, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 Resour's Piotroski F-Score?
Red Metal Resour (rmesf) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 Resour's earnings high quality?
Red Metal Resour (rmesf) has an earnings quality ratio of 1.07x, considered low quality (accrual-driven). 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.
How financially healthy is Red Metal Resour?
Red Metal Resour (rmesf) scores 1 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.