Red Metal Resources LTD (RMESF) financial statements (2022 and earlier)

Company profile

Business Address 278 BAY STREET
THUNDER BAY, ON P7B 1R8
State of Incorp. BC
Fiscal Year End January 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 47109282
Cash and cash equivalents 47109282
Other undisclosed current assets 162775
Total current assets: 4816119157
Noncurrent Assets
Property, plant and equipment 2611233
Other undisclosed noncurrent assets 703653731695586461
Total noncurrent assets: 729654732697588464
TOTAL ASSETS: 778670742706603470
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 123408350567552490
Accounts payable 79239217388389359
Accrued liabilities 44169133179163132
Debt 15   4117
Due to related parties 71721,1971,073939
Other undisclosed current liabilities  24271,253933687
Total current liabilities: 2094403793,0172,5982,133
Noncurrent Liabilities
Liabilities, other than long-term debt 1,093716614   
Due to related parties 1,093716614   
Other undisclosed noncurrent liabilities 117     
Total noncurrent liabilities: 1,210716614   
Total liabilities: 1,4191,1569933,0172,5982,133
Stockholders' equity
Stockholders' equity attributable to parent (641)(486)(250)(2,311)(1,995)(1,663)
Common stock 414138353534
Additional paid in capital 9,1329,1328,9696,8046,7796,755
Accumulated other comprehensive income (loss) (70)(74)7(20)2674
Accumulated deficit (9,744)(9,585)(9,263)(9,129)(8,835)(8,526)
Total stockholders' equity: (641)(486)(250)(2,311)(1,995)(1,663)
TOTAL LIABILITIES AND EQUITY: 778670742706603470

Income statement (P&L) ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues     3053
Revenue, net 3026
Other income      26
Cost of revenue
(Cost of Goods and Services Sold)
   (15)(2)(4)(18)
Gross profit:   (15)(2)2635
Operating expenses 267(261)(221)(231)(292)539
Operating income (loss): 267(261)(237)(233)(266)574
Nonoperating income (expense) (2)04(2)132
Investment income, nonoperating     13 
Foreign currency transaction gain (loss), before tax (2)04(2)02
Interest and debt expense (79)611,900(103)(100)(82)
Income (loss) from continuing operations before income taxes: 186(200)1,668(338)(352)493
Income tax expense (benefit)  (4)(18)(330)116236
Income (loss) before gain (loss) on sale of properties: 186(204)1,650(668)(236)729
Other undisclosed net income (loss)  (118)(1,784)374(73)(1,241)
Net income (loss): 186(322)(134)(294)(309)(512)
Other undisclosed net loss attributable to parent (345)     
Net loss available to common stockholders, diluted: (159)(322)(134)(294)(309)(512)

Comprehensive Income ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): 186(322)(134)(294)(309)(512)
Other comprehensive income (loss) 4 (107)(340)(357)(452)
Comprehensive income (loss): 190(322)(241)(634)(667)(964)
Other undisclosed comprehensive loss, net of tax, attributable to parent (345)(81)    
Comprehensive loss, net of tax, attributable to parent: (155)(403)(241)(634)(667)(964)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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