Blue Lagoon Resources Balance Sheet Health
Financial Health criteria checks 3/6
Blue Lagoon Resources has a total shareholder equity of CA$16.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$24.6M and CA$7.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.01m |
| Equity | CA$16.76m |
| Total liabilities | CA$7.81m |
| Total assets | CA$24.57m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BLLG's short term assets (CA$1.1M) exceed its short term liabilities (CA$216.5K).
Long Term Liabilities: BLLG's short term assets (CA$1.1M) do not cover its long term liabilities (CA$7.6M).
Debt to Equity History and Analysis
Debt Level: BLLG is debt free.
Reducing Debt: BLLG has no debt compared to 5 years ago when its debt to equity ratio was 0.09%.
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: BLLG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BLLG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.1% each year