Latin Resources Balance Sheet Health

Financial Health criteria checks 4/6

Latin Resources has a total shareholder equity of A$103.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$116.5M and A$12.8M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$20.63m
Equity	AU$103.65m
Total liabilities	AU$12.84m
Total assets	AU$116.48m

Recent financial health updates

Recent updates

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Jul 25

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

Feb 05

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

Dec 08

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Nov 01

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Jul 09

Companies Like Latin Resources (ASX:LRS) Are In A Position To Invest In Growth

Feb 01

We Think Latin Resources (ASX:LRS) Can Afford To Drive Business Growth

Sep 24

We Think Latin Resources (ASX:LRS) Needs To Drive Business Growth Carefully

Jan 05

Here's Why We're Watching Latin Resources' (ASX:LRS) Cash Burn Situation

Sep 16

Financial Position Analysis

Short Term Liabilities: LRS's short term assets (A$22.5M) exceed its short term liabilities (A$12.8M).

Long Term Liabilities: LRS's short term assets (A$22.5M) exceed its long term liabilities (A$27.8K).

Debt to Equity History and Analysis

Debt Level: LRS is debt free.

Reducing Debt: LRS has no debt compared to 5 years ago when its debt to equity ratio was 284.2%.

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: LRS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LRS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 53% each year

Latin Resources Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Companies Like Latin Resources (ASX:LRS) Are In A Position To Invest In Growth

We Think Latin Resources (ASX:LRS) Can Afford To Drive Business Growth

Recent updates

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Price target decreased by 73% to AU$0.21

New major risk - Share price stability

Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS).

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Price target increased by 8.5% to AU$0.80

Less than half of directors are independent

New major risk - Financial position

No longer forecast to breakeven

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

Independent Non-Executive Chairman recently sold AU$371k worth of stock

Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

New major risk - Share price stability

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.

Price target increased by 37% to AU$0.69

New major risk - Revenue and earnings growth

Independent Non-Executive Director recently sold AU$150k worth of stock

New major risk - Share price stability

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Price target increased by 11% to AU$0.26

Forecast to breakeven in 2025

Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium Deposit

Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in Brazil

Companies Like Latin Resources (ASX:LRS) Are In A Position To Invest In Growth

Latin Resources Limited Announces Exceptional Assay Results from Colina West Potential

Independent Non-Executive Chairman exercised options and sold AU$118k worth of stock

Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium Project

Forecast to breakeven in 2025

Independent Non-Executive Director exercised options to buy AU$1.4m worth of stock.

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At High-Grade Colina Lithium Prospect

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces the Completion of It's Mineral Resource Update for the 100% Owned Cloud Nine Halloysitekaolin Deposit in Western Australia

Latin Resources Limited Announces Catamarca Exploration Update & Drilling at MT 03 Project Peru

Latin Resources Limited Reports Results from the Recent Rare Earth Element at its 100% Owned Cloud Nine Halloysite-Kaolin Deposit in Western Australia

Latin Resources Limited Announces Final Assay Results from Colina Resource Drilling in Brazil

Latin Resources Limited Announces Discovery of A New Lithium Mineralised Zone, Some 500M West of the Colina Prospect

We Think Latin Resources (ASX:LRS) Can Afford To Drive Business Growth

Latin Resources Limited Updates on Resource Definition Drilling and Other Studies Currently Ongoing At Highgrade Colina Lithium Prospect

Latin Resources Limited Provides Update on the Preliminary "Sighter" Metallurgical Test Work Completed on Drill Core from the High-Grade Salinas Lithium Project

Latin Resources Limited Confirms Significant New Discovery At Colina West

Latin Resources Limited Announces Commencement of Feasibility Studies for Salinas Project

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At the Company's 100% Owned Highgrade Colina Lithium Prospect

Latin Resources Limited Secures New Colina Extension Doubles Strike Length

Latin Resources Limited (ASX:LRS) agreed to acquire Peep O’Day gold prospect of Mining and Energy Group Pty Ltd. for AUD 0.41 million.

Latin Resources Limited Updates Outstanding Kaolin Brightness Results from Cloud Nine Infill Drilling

Latin Resources Limited Advises the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect

Latin Resources Limited Provides the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect in Brazil

Latin Resources Limited Provides Brazil Resource Definition Drilling Update

Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign

Latin Resources Limited Continues to Expand High-Grade Salinas Lithium Project

Latin Resources Limited, Annual General Meeting, May 30, 2022

Latin Resources Limited Announces Diamond Drill Testing of High-Grade Outcropping Lithium Pegmatites At the Company's Second Prospect Area, the Monte Alto Prospect in Brazil

Latin Resources Limited Announces New Drilling Results at Salinas Lithium Project

Latin Resources Limited Announces the First Assay Results from Drilling at the Salinas Lithium Project in Brazil

Independent Non-Executive Director exercised options to buy AU$252k worth of stock.

Latin Resources Limited Confirms the Ongoing Diamond Drilling Campaign at the Salinas Lithium Project in Brazil

Latin Resources Limited Commences Drilling at Salinas Lithium Project in Brazil

Latin Resources Limited Confirms Arrival of Two Diamond Drill Rigs on Site and to Commence Drilling over the Next Few Days on its Salinas Lithium Project in Brazil

Latin Resources Limited Announces High-Grade Results from Cloud Nine Halloysite-Kaolin Deposit

Latin Resources Limited Announces Diamond Drilling Set to Commence on Brazil Lithium Projects

We Think Latin Resources (ASX:LRS) Needs To Drive Business Growth Carefully

Latin Resources Limited Releases an Update on Its Mostazal Copper Project in Northern Chile