Latrobe Magnesium Limited

CHIA:LMG Stock Report

Market Cap: AU$89.9m

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 ration/a
CashAU$2.43m
EquityAU$26.66m
Total liabilitiesAU$53.91m
Total assetsAU$80.57m

Recent financial health updates

No updates

Recent updates

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.


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