Blue Lagoon Resources Balance Sheet Health
Financial Health criteria checks 5/6
Blue Lagoon Resources has a total shareholder equity of CA$16.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$24.1M and CA$7.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$580.49k |
| Equity | CA$16.26m |
| Total liabilities | CA$7.84m |
| Total assets | CA$24.10m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BLLG's short term assets (CA$655.3K) exceed its short term liabilities (CA$189.9K).
Long Term Liabilities: BLLG's short term assets (CA$655.3K) 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 0.05%.
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 sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BLLG is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.