Latrobe Magnesium Balance Sheet Health
Financial Health criteria checks 3/6
Latrobe Magnesium has a total shareholder equity of A$26.7M and total debt of A$9.9M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are A$80.6M and A$53.9M respectively.
Key information
37.1%
Debt to equity ratio
AU$9.88m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.43m |
| Equity | AU$26.66m |
| Total liabilities | AU$53.91m |
| Total assets | AU$80.57m |
Financial Position Analysis
Short Term Liabilities: LMG's short term assets (A$21.7M) do not cover its short term liabilities (A$25.2M).
Long Term Liabilities: LMG's short term assets (A$21.7M) do not cover its long term liabilities (A$28.7M).
Debt to Equity History and Analysis
Debt Level: LMG's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: LMG's debt to equity ratio has increased from 23% to 37.1% 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 1 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 1 months based on free cash flow estimates, but has since raised additional capital.