Laramide Resources Balance Sheet Health
Financial Health criteria checks 4/6
Laramide Resources has a total shareholder equity of CA$96.6M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CA$109.6M and CA$13.0M respectively.
Key information
4.3%
Debt to equity ratio
CA$4.17m
Debt
Interest coverage ratio | n/a |
Cash | CA$9.63m |
Equity | CA$96.64m |
Total liabilities | CA$12.96m |
Total assets | CA$109.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LAM's short term assets (CA$10.0M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: LAM's short term assets (CA$10.0M) exceed its long term liabilities (CA$7.8M).
Debt to Equity History and Analysis
Debt Level: LAM has more cash than its total debt.
Reducing Debt: LAM's debt to equity ratio has reduced from 15.3% to 4.3% 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: LAM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LAM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.1% each year