Patriot Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Patriot Lithium has a total shareholder equity of A$3.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.9M and A$116.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.64m |
Equity | AU$3.82m |
Total liabilities | AU$116.94k |
Total assets | AU$3.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAT's short term assets (A$1.7M) exceed its short term liabilities (A$116.9K).
Long Term Liabilities: PAT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PAT is debt free.
Reducing Debt: PAT has not had any debt for 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: PAT has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PAT is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.