Laramide Resources Balance Sheet Health
Financial Health criteria checks 4/6
Laramide Resources has a total shareholder equity of CA$96.6M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CA$109.6M and CA$13.0M respectively.
Key information
4.3%
Debt to equity ratio
CA$4.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.63m |
| Equity | CA$96.64m |
| Total liabilities | CA$12.96m |
| Total assets | CA$109.60m |
Recent financial health updates
Does Laramide Resources (TSE:LAM) Have A Healthy Balance Sheet?
Apr 05
Would Laramide Resources (TSE:LAM) Be Better Off With Less Debt?
Aug 22Is Laramide Resources (TSE:LAM) Using Too Much Debt?
Mar 09Laramide Resources (TSE:LAM) Has Debt But No Earnings; Should You Worry?
Nov 22Health Check: How Prudently Does Laramide Resources (TSE:LAM) Use Debt?
Jul 29Health Check: How Prudently Does Laramide Resources (TSE:LAM) Use Debt?
Apr 10Recent updates
Does Laramide Resources (TSE:LAM) Have A Healthy Balance Sheet?
Apr 05Would Laramide Resources (TSE:LAM) Be Better Off With Less Debt?
Aug 22Is Laramide Resources (TSE:LAM) Using Too Much Debt?
Mar 09Laramide Resources (TSE:LAM) Has Debt But No Earnings; Should You Worry?
Nov 22Health Check: How Prudently Does Laramide Resources (TSE:LAM) Use Debt?
Jul 29Health Check: How Prudently Does Laramide Resources (TSE:LAM) Use Debt?
Apr 10Laramide Resources (TSE:LAM) Is Carrying A Fair Bit Of Debt
Dec 16Laramide Resources (TSE:LAM) Is Making Moderate Use Of Debt
Sep 02Financial Position Analysis
Short Term Liabilities: LAM's short term assets (CA$10.0M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: LAM's short term assets (CA$10.0M) exceed its long term liabilities (CA$7.8M).
Debt to Equity History and Analysis
Debt Level: LAM has more cash than its total debt.
Reducing Debt: LAM's debt to equity ratio has reduced from 15.3% to 4.3% 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: LAM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LAM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.1% each year