Latrobe Magnesium Balance Sheet Health
Financial Health criteria checks 4/6
Latrobe Magnesium has a total shareholder equity of A$41.6M and total debt of A$1.9M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are A$95.4M and A$53.8M respectively. Latrobe Magnesium's EBIT is A$593.1K making its interest coverage ratio -10.3. It has cash and short-term investments of A$565.2K.
Key information
4.5%
Debt to equity ratio
AU$1.86m
Debt
| Interest coverage ratio | -10.3x |
| Cash | AU$565.15k |
| Equity | AU$41.63m |
| Total liabilities | AU$53.78m |
| Total assets | AU$95.40m |
Financial Position Analysis
Short Term Liabilities: LMG's short term assets (A$17.0M) do not cover its short term liabilities (A$17.7M).
Long Term Liabilities: LMG's short term assets (A$17.0M) do not cover its long term liabilities (A$36.1M).
Debt to Equity History and Analysis
Debt Level: LMG's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: LMG's debt to equity ratio has reduced from 45.7% to 4.5% 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: LMG has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LMG is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.