Labrador Resources Balance Sheet Health
Financial Health criteria checks 2/6
Labrador Resources has a total shareholder equity of CA$52.9K and total debt of CA$864.8K, which brings its debt-to-equity ratio to 1634.5%. Its total assets and total liabilities are CA$1.2M and CA$1.1M respectively.
Key information
1,634.5%
Debt to equity ratio
CA$864.84k
Debt
Interest coverage ratio | n/a |
Cash | CA$194.89k |
Equity | CA$52.91k |
Total liabilities | CA$1.11m |
Total assets | CA$1.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTX's short term assets (CA$194.9K) exceed its short term liabilities (CA$14.3K).
Long Term Liabilities: LTX's short term assets (CA$194.9K) do not cover its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: LTX's net debt to equity ratio (1266.2%) is considered high.
Reducing Debt: LTX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: LTX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LTX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.5% each year