Kevin Bales - Rackla Metals Chief Officer

RAK Stock  CAD 0.14  0.02  16.67%   

Executive

Mr. Kevin Bales is Chief Financial Officer of Rackla Metals Inc. Mr. Bales has 15 years of financial reporting experience in mining and information technology industries. He recently served as CFO for several public junior exploration companies with operations in Canada, the U.S., and Mexico
Age 57
Address 200 Burrard Street, Vancouver, BC, Canada, V6C 3L6
Phone604 801 5432
Webhttps://racklametals.com
Bales holds a Bachelor of Management degree with accounting.

Rackla Metals Management Efficiency

The company has return on total asset (ROA) of (0.6575) % which means that it has lost $0.6575 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (1.2188) %, meaning that it generated substantial loss on money invested by shareholders. Rackla Metals' management efficiency ratios could be used to measure how well Rackla Metals manages its routine affairs as well as how well it operates its assets and liabilities. Total Assets is likely to climb to about 2.9 M in 2024. Net Tangible Assets is likely to climb to about 968.4 K in 2024
Rackla Metals has accumulated 500.26 K in total debt. Rackla Metals has a current ratio of 0.35, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Rackla Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Rackla Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Rackla Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Rackla to invest in growth at high rates of return. When we think about Rackla Metals' use of debt, we should always consider it together with cash and equity.

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Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Rackla Metals Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada. RACKLA METALS operates under Gold classification in Canada and is traded on TSX Venture Exchange. Rackla Metals (RAK) is traded on TSX Venture Exchange in Canada and employs 6 people. Rackla Metals is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Rackla Metals Leadership Team

Elected by the shareholders, the Rackla Metals' board of directors comprises two types of representatives: Rackla Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rackla. The board's role is to monitor Rackla Metals' management team and ensure that shareholders' interests are well served. Rackla Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rackla Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Simon Ridgway, CEO and President and Director
MAusIMM MSc, Pres Director
Adam Buchanan, Vice Development
Kevin Bales, Chief Officer
Scott Casselman, Vice Exploration
Sally Whittall, Corporate Secretary

Rackla Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Rackla Metals a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Additional Tools for Rackla Stock Analysis

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