MineralRite Corp
OTC:RITE

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MineralRite Corp
OTC:RITE
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Price: 0.0092 USD 1.1% Market Closed
Market Cap: 41.9m USD

Bankruptcy Probability

MineralRite Corp's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk. The solvency score is 48/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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Cash & ST Investments
+
Mar 31, 2025 29.2k
Dec 31, 2024 10.5k
Mar 31, 2024 1.7k
Long-Term Investments
+
Mar 31, 2025 0
Dec 31, 2024 0
Mar 31, 2024 0
Debt
+
Mar 31, 2025 160.8k
Dec 31, 2024 145.7k
Mar 31, 2024 1m

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.

Is MineralRite Corp at risk of bankruptcy?

MineralRite Corp's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does MineralRite Corp have?

As of the latest report, MineralRite Corp has total debt of 150.8k USD. This includes both short-term (0 USD) and long-term (150.8k USD) debt.

You can find a full breakdown on its Balance Sheet.

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