First Lithium Balance Sheet Health
Financial Health criteria checks 4/6
First Lithium has a total shareholder equity of A$5.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.5M and A$779.7K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.21m |
| Equity | AU$5.72m |
| Total liabilities | AU$779.75k |
| Total assets | AU$6.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FL1's short term assets (A$2.3M) exceed its short term liabilities (A$779.7K).
Long Term Liabilities: FL1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FL1 is debt free.
Reducing Debt: FL1 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: FL1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FL1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 211.2% each year