XTC Lithium Balance Sheet Health
Financial Health criteria checks 2/6
XTC Lithium has a total shareholder equity of A$40.0M and total debt of A$1.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are A$49.2M and A$9.2M respectively.
Key information
2.6%
Debt to equity ratio
AU$1.02m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.05m |
| Equity | AU$40.04m |
| Total liabilities | AU$9.18m |
| Total assets | AU$49.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XTC's short term assets (A$1.1M) do not cover its short term liabilities (A$9.2M).
Long Term Liabilities: XTC's short term assets (A$1.1M) exceed its long term liabilities (A$1.0).
Debt to Equity History and Analysis
Debt Level: XTC has more cash than its total debt.
Reducing Debt: XTC's debt to equity ratio has increased from 0% to 2.6% 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: XTC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: XTC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44% each year