Lanthanein Resources Balance Sheet Health

Financial Health criteria checks 3/6

Lanthanein Resources has a total shareholder equity of A$12.4M and total debt of A$252.9K, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are A$13.6M and A$1.1M respectively.

Key information

2.0%

Debt to equity ratio

AU$252.88k

Debt

Interest coverage ratio	n/a
Cash	AU$777.90k
Equity	AU$12.44m
Total liabilities	AU$1.13m
Total assets	AU$13.56m

Recent financial health updates

No updates

Recent updates

Have Insiders Been Selling Frontier Resources Limited (ASX:FNT) Shares This Year?

Jan 01

Financial Position Analysis

Short Term Liabilities: LNR's short term assets (A$1.5M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: LNR has no long term liabilities.

Debt to Equity History and Analysis

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

Reducing Debt: LNR's debt to equity ratio has increased from 0% to 2% over the past 5 years.

Debt Coverage: LNR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if LNR's interest payments on its debt are well covered by EBIT.

Lanthanein Resources Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Recent updates

First half 2024 earnings released: EPS: AU$0.001 (vs AU$0 in 1H 2023)

New major risk - Shareholder dilution

Lanthanein Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Lanthanein Resources Limited, Annual General Meeting, Feb 23, 2024

Lanthanein Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.

Lanthanein Resources Limited Appoints Thomas Langley as Non-Executive Director

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)

New minor risk - Financial data availability

Lanthanein Resources Limited, Annual General Meeting, Nov 10, 2023

New minor risk - Financial data availability

New major risk - Share price stability

First half 2023 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2022)

Lanthanein Resources Limited Announces High Impact Drilling Programs Planned at Lyons REE Project

Lanthanein Resources Ltd Announce Assay Results from the Recent Drilling Completed At the Lyons Rare Earths Project in Western Australia

Lanthanein Resources Limited Announces the Completion of A First Pass Aircore Drilling Program At Koolya Kaolin and High Purity Alumina Project in Western Australia

Less than half of directors are independent

Lanthanein Resources Limited Completes Lyons Rare Earths Project in Western Australia

Lanthanein Resources Limited Awards $200,000 EIS Funding

Lanthanein Resources Limited, Annual General Meeting, Nov 10, 2022

Lanthanein Resources Limited Provides REE Project Maiden Drill Program Update

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2021)

Lanthanein Resources Limited Provides REE Project Maiden Drill Program Update

Lanthanein Resources Ltd Commences Drilling at the Lyons Rare Earths Project in Western Australia

Lanthanein Resources Limited Announces Commencement of Maiden Drill Program at the Lyons Rare Earths Project in Western Australia

Lanthanein Resources Ltd Announces Heritage Avoidance Surveys Have Been Completed Ahead of the Maiden Drill Program at the Lyons Rare Earths Project in Western Australia

Lanthanein Resources Ltd Commences Heritage Surveys Ahead of the Maiden Drill Program At the Lyons Rare Earths Project in the Gascoyne of Western Australia

Lanthanein Resources Limited announced that it expects to receive AUD 1.75 million in funding

Lanthanein Resources Limited Announces Murraydium Ionic Clay Hosted REE Project Drilling Approval

Lanthanein Resources Ltd Announces Results of the 3D Modelling of Airborne Magnetic Geophysics

Frontier Resources Ltd Receives Results from Metallurgical Flotation Test Work Carried Out on Outcropping Ironstones At the Lyons Rare Earths Project in the Gascoyne, Western Australia (Lyons Project)

Frontier Resources Ltd Announces the Drill Targeting Plan and Rationale for the Upcoming Maiden Drill Program at the Gascoyne Rare Earths Project in Western Australia

Less than half of directors are independent

Frontier Resources Limited, Annual General Meeting, May 12, 2022

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Frontier Resources Limited Announces Completion of the Recent Successful Field Program to Investigate Multiple High Priority Targets

Frontier Resources Limited Announces Management Changes

Frontier Resources Ltd Announces the Data Processing and Review of A Significant Airborne Magnetic-Radiometric Survey over Two Granted Exploration Licences in the Gascoyne Region of Western Australia

Frontier Resources Limited Announces the Results from the First of Two Batches of Assay Results from Taula Prospect

Frontier Resources Limited (ASX:FNT) acquired Dalkeith Capital Pty Ltd.

Frontier Resources Ltd Announces Assay Results from the Reconnaissance Rock Chip Sampling Program Completed at the Gascoyne Project

Frontier Resources Limited Announces Strategic Pegging of the Mt Clere Project Consisting of One Exploration Licence Application E52/4012 in the Gascoyne Region of Western Australia

Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2020)

Frontier Resources Limited (ASX:FNT) entered into a conditional binding heads of agreement to acquire Southern Rare Earths Pty Ltd from Project Risk Pty Ltd and others.

Frontier Resources Limited Announces Saki Trenching Confirms Continuity of Mineralised Veins

Frontier Resources Limited Announces Fieldcrew Successfully Mobilised to the Saki Gold Project

Frontier Resources Limited Announces Kimono Drill Target Rock Samples include 38.2g/t Au and 470g/t Ag

Frontier Resources Limited Announces Final Results from its Trench Sampling and Mapping Program At Kimono Central

Frontier Resources Limited Announces Visible Gold Specks Identified in Newly Discovered Guima Vein

Frontier Resources Limited Announces the Completion of its Second Phase of Fieldwork at the Highly Prospective Kimono Gold Prospect

First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020)

Frontier Resources Limited Announces Results from Independent Technical Analysis of Geochemical Data over the Sakiyavasoju System of Gold Veins That Lie 2 to 3Km East of the Tolukuma Mine and 70Km North of the National Capital of Port Moresby

Frontier Resources Limited Announces Fieldcrew Remobilised to the Kimono Gold Prospect

Frontier Resources Limited Announces Significant Gold Extensions at Kimono Including 101 g/t Au

Have Insiders Been Selling Frontier Resources Limited (ASX:FNT) Shares This Year?

Frontier Resources Limited Announces Results from the Initial Stage of Trench Sampling Show Significant Gold Grades Along the Newly Discovered Tassy Vein Associated with the Kimono Vein System

Full year earnings released - AU$0.0016 loss per share

Frontier Resources Limited Completes Independent Analysis of Historical Surface Sampling at the Dumadilava Prospect Area

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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