Labrador Iron Ore Royalty Balance Sheet Health
Financial Health criteria checks 5/6
Labrador Iron Ore Royalty has a total shareholder equity of CA$659.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$849.4M and CA$190.2M respectively. Labrador Iron Ore Royalty's EBIT is CA$155.4M making its interest coverage ratio -105.6. It has cash and short-term investments of CA$40.3M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -105.6x |
| Cash | CA$40.28m |
| Equity | CA$659.23m |
| Total liabilities | CA$190.17m |
| Total assets | CA$849.40m |
Recent financial health updates
No updates
Recent updates
Estimating The Fair Value Of Labrador Iron Ore Royalty Corporation (TSE:LIF)
Dec 15
Labrador Iron Ore Royalty (TSE:LIF) Might Have The Makings Of A Multi-Bagger
Nov 15An Intrinsic Calculation For Labrador Iron Ore Royalty Corporation (TSE:LIF) Suggests It's 35% Undervalued
Sep 02Labrador Iron Ore Royalty (TSE:LIF) Is Investing Its Capital With Increasing Efficiency
Aug 04Financial Position Analysis
Short Term Liabilities: LIF's short term assets (CA$82.9M) exceed its short term liabilities (CA$53.9M).
Long Term Liabilities: LIF's short term assets (CA$82.9M) do not cover its long term liabilities (CA$136.2M).
Debt to Equity History and Analysis
Debt Level: LIF is debt free.
Reducing Debt: LIF has not had any debt for past 5 years.
Debt Coverage: LIF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LIF has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Labrador Iron Ore Royalty Corporation is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| Oscar Cabrera | BofA Global Research |