European Lithium Balance Sheet Health
Financial Health criteria checks 5/6
European Lithium has a total shareholder equity of A$60.9M and total debt of A$1.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are A$69.4M and A$8.5M respectively.
Key information
2.8%
Debt to equity ratio
AU$1.73m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$7.97m |
| Equity | AU$60.88m |
| Total liabilities | AU$8.48m |
| Total assets | AU$69.36m |
Financial Position Analysis
Short Term Liabilities: EUR's short term assets (A$10.7M) exceed its short term liabilities (A$8.4M).
Long Term Liabilities: EUR's short term assets (A$10.7M) exceed its long term liabilities (A$87.9K).
Debt to Equity History and Analysis
Debt Level: EUR has more cash than its total debt.
Reducing Debt: EUR's debt to equity ratio has reduced from 8.5% to 2.8% 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: EUR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EUR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.