Discovery Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Discovery Lithium has a total shareholder equity of CA$11.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.8M and CA$582.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.10m |
Equity | CA$11.23m |
Total liabilities | CA$582.73k |
Total assets | CA$11.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCLI's short term assets (CA$3.3M) exceed its short term liabilities (CA$582.7K).
Long Term Liabilities: DCLI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DCLI is debt free.
Reducing Debt: DCLI has not had any debt for 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: DCLI has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DCLI is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.