Critical Resources Balance Sheet Health

Financial Health criteria checks 3/6

Critical Resources has a total shareholder equity of A$25.0M and total debt of A$39.9K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$31.2M and A$6.2M respectively.

Key information

0.2%

Debt to equity ratio

AU$39.90k

Debt

Interest coverage ratio	n/a
Cash	AU$2.26m
Equity	AU$25.01m
Total liabilities	AU$6.22m
Total assets	AU$31.23m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CRR's short term assets (A$2.4M) do not cover its short term liabilities (A$3.7M).

Long Term Liabilities: CRR's short term assets (A$2.4M) do not cover its long term liabilities (A$2.5M).

Debt to Equity History and Analysis

Debt Level: CRR has more cash than its total debt.

Reducing Debt: CRR's debt to equity ratio has increased from 0% to 0.2% 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: CRR has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CRR is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.

Critical Resources Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Recent updates

Critical Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

New minor risk - Shareholder dilution

New major risk - Market cap size

Critical Resources Limited, Annual General Meeting, Oct 25, 2024

New minor risk - Shareholder dilution

Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.

New major risk - Market cap size

Critical Resources Limited, Annual General Meeting, May 30, 2024

Critical Resources Limited Appoints Nigel Broomham as Non-Executive Director

New minor risk - Financial data availability

Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.165963 million.

Critical Resources Limited announced that it expects to receive AUD 2.3 million in funding

Critical Resources Limited Appoints Anthony Tse as Strategic Advisor

Critical Resources Limited Announces Drilling Identifies New Mineralised Zone South of Mavis Lake

Critical Resources Limited Announces High Grade Low Impurity Spodumene Concentrate Produced At Mavis Lake Lithium Project in Ontario, Canada

Critical Resources Limited Commences Scoping Study for Mavis Lake Lithium Project

Critical Resources Limited Announces First Concentrate Production from Mavis Lake Test Work Program

Critical Resources Limited Announces Commencement of Its 2023 Drilling Campaign at Mavis Lake

Critical Resources Limited Announces Multiple, Thick Intercepts of Spodumene-Bearing Pegmatite from the Current Drill Program At Mavis Lake

Critical Resources Limited (ASX:CRR) agreed to acquire Gullwing-Tot Lakes property from Power Metals Corp. (TSXV:PWM) for CAD 1.2 million.

Critical Resources Limited Advises High-Grade Lithium over 1,300M Strike Length At Mavis Lake

Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.74533 million.

No independent directors

Critical Resources Limited Announces 31.75m of Spodumene-Bearing Pegmatite Intersected in Drill Hole MF22-163

Critical Resources Limited Announces Further Positive Assay Results from Mavis Lake Lithium Project

Critical Resources Limited Announces Metallurgical Test Work Commences with Spodumene from Mavis Lake

Critical Resources Limited Announces Exceptional Intercept with 18.45M @ 2.06% Li2o At Mavis Lake

Critical Resources Limited Announces Assay Results from the Current Diamond Drilling Campaign At Its 100% Owned Mavis Lake Lithium Project

Critical Resources Limited Announces the Appointment of Alex Cheeseman as New Managing Director, Effective 10 October 2022

Critical Resources Limited Announces Assay Results from the Current Diamond Drilling Campaign At Its Mavis Lake Lithium Project

Critical Resources Limited Provides an Update on Phase 3 Drilling Program

Oman Block 4 and Block 5 Exploration Licenses Update

Critical Resources Limited Advises the Latest Results from Its Current Drilling Campaign At the Company's 100% Owned Mavis Lake Lithium Project in Ontario, Canada

Critical Resources Limited Announces Executive Changes, Effective August 12, 2022

Critical Resources Updates on Oman Block 4 and Block 5 Exploration Licenses

Critical Resources Limited Announces Further Results from Its Latest Drilling Campaign At the Company's 100 Per Cent-Owned Mavis Lake Lithium Project ("The Project") in Ontario, Canada

Critical Resources Limited Announces Assay Results from its Drilling Campaign at the Gibsons Prospect

Critical Resources Limited Announces Executive Changes

Critical Resources Limited Announces Alex Biggs Left Position as Managing Director

Critical Resources Limited Announces Further Mavis Lake Assays Include 7.63M at 1.35% Li2O

Critical Resources Limited Announces Phase Two Drilling Program Fast-Tracked at Mavis Lake Lithium Project

Critical Resources Limited Announces Inaugural 5,000m Drilling Program Completed at Mavis Lake

Critical Resources Limited Announces That Another Seven Step-Out Holes Have Intersected Intervals of Spodumene-Bearing Pegmatite

Critical Resources Limited Announces Assay Results from Drill Hole Mf22-64 (Hole 5) from Its 100% Owned Mavis Lake Lithium Project in Ontario, Canada

Critical Resources Limited Receives Assay Results from Diamond Drill Hole CRR21_DD016 at Gibsons Prospect

Critical Resources Limited Announces Graphic Lake Field Program Initiated

Critical Resources Limited Continues Spodumene Intersections At Mavis Lake Lithium Project

Critical Resources Limited Announces New Extension of High-Grade Base Metal Mineralisation Uncovered At Gibsons

Critical Resources Limited Receives Assay Results from Its 8Th and 9Th Drill Holes At its 100% Owned Gibsons Prospect

Critical Resources Limited Announces Further 17.5 Metres of Visual Spodumene-Bearing Pegmatite Intersected at Mavis Lake in Step-Out Hole 14

Critical Resources Limited Announces Update on Mavis Lake Lithium Project

Critical Resources Limited Advises That It Has Extended the Current Drilling Campaign At the Gibsons Prospect, to Test the Extent of Mineralisation Discovered Through the Current Campaign

Critical Resources Limited Provides Encountered Visual Spodumene in Another Four Step-Out Drill Holes At Its 100% Owned Mavis Lake Lithium Project, in Ontario, Canada

No independent directors

Critical Resources Commences Drill Program at its 100% Owned Mavis Lake Lithium Project in Ontario, Canada

Critical Resources Limited Receives Final Resources Regulator Approval for Drilling At Its Sunnyside Prospect

Critical Resources Limited Appoints Milan Bogunovic as Chief Financial Officer

Critical Resources Limited Announces Assays Confirm Copper & Deep Disseminated Sulphides Mineralization in Step Out Hole 11A At Gibsons

Non-Executive Chairman exercised options to buy AU$138k worth of stock.

Critical Resources Limited Announces Massive, Semi-Massive and Disseminated Sulphides Intersected At Gibsons to a Depth of 141M

Critical Resources Limited Announces New Lithium Projects Secured Near High Grade Resource

Critical Resources Limited Receives Assay Results from Graphic Lake Project in Ontario, Canada

Critical Resources Limited Provides Downhole Electromagnetic Survey

Critical Resources Limited announced that it expects to receive AUD 12.5 million in funding

Critical Resources Limited Receives Approval for an Additional 1,200M of Drilling at its 100% Owned Gibsons Prospect

Critical Resources Limited Announces Exceptionally High-Grade Zinc, Copper, Lead & Silver Assays

Critical Resources Limited Announces 2,100 Ha of Claims Consolidated At Graphic Lake, Canada

Critical Resources Limited Starts Down Hole Electromagnectic Surveying at its Gibsons Prospect, Part of the Broader Halls Peak Project in New South Wales

Critical Resources Limited Announces Airborne Geophysical Survey Interpretation Reveals New Significant Potential Target Areas At Mavis Lake

Non-Executive Director exercised options to buy AU$230k worth of stock.

Critical Resources Limited Announces Airborne Geophysical Survey Interpretation Reveals New Significant Potential Target Areas At Mavis Lake

Critical Resources Limited Stakes 700 Ha of Additional Claims Around Graphic Lake Project, Canada

Non-Executive Director exercised options to buy AU$240k worth of stock.

Critical Resources Limited Announces Assay Results Confirm High Grade Lithium At Mavis Lake

Critical Resources Limited (ASX:CRR) agreed to acquire Critical Resources Limited (ASX:CRR) for AUD 0.2 million from David Paul Clement and Troy Albert Gallik having 50% stakes individually.