Lithium Australia Balance Sheet Health
Financial Health criteria checks 4/6
Lithium Australia has a total shareholder equity of A$10.0M and total debt of A$942.1K, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are A$18.8M and A$8.7M respectively.
Key information
9.4%
Debt to equity ratio
AU$942.07k
Debt
Interest coverage ratio | n/a |
Cash | AU$7.07m |
Equity | AU$10.04m |
Total liabilities | AU$8.75m |
Total assets | AU$18.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIT's short term assets (A$10.5M) exceed its short term liabilities (A$8.1M).
Long Term Liabilities: LIT's short term assets (A$10.5M) exceed its long term liabilities (A$652.4K).
Debt to Equity History and Analysis
Debt Level: LIT has more cash than its total debt.
Reducing Debt: LIT's debt to equity ratio has reduced from 13.3% to 9.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LIT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.9% each year