Laramide Resources Balance Sheet Health
Financial Health criteria checks 4/6
Laramide Resources has a total shareholder equity of CA$85.5M and total debt of CA$4.1M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are CA$99.6M and CA$14.1M respectively.
Key information
4.8%
Debt to equity ratio
CA$4.08m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.08m |
Equity | CA$85.48m |
Total liabilities | CA$14.15m |
Total assets | CA$99.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LAM's short term assets (CA$2.6M) do not cover its short term liabilities (CA$6.1M).
Long Term Liabilities: LAM's short term assets (CA$2.6M) do not cover its long term liabilities (CA$8.1M).
Debt to Equity History and Analysis
Debt Level: LAM's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: LAM's debt to equity ratio has reduced from 12.4% to 4.8% 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 sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LAM is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.