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


Debt to equity ratio



Interest coverage ration/a
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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Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.