Advance Lithium Balance Sheet Health
Financial Health criteria checks 2/6
Advance Lithium has a total shareholder equity of CA$218.6K and total debt of CA$94.9K, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CA$783.3K and CA$564.6K respectively.
Key information
43.4%
Debt to equity ratio
CA$94.88k
Debt
Interest coverage ratio | n/a |
Cash | CA$11.35k |
Equity | CA$218.64k |
Total liabilities | CA$564.63k |
Total assets | CA$783.28k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AALI's short term assets (CA$29.4K) do not cover its short term liabilities (CA$564.6K).
Long Term Liabilities: AALI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AALI's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: AALI's debt to equity ratio has increased from 9.3% to 43.4% over the 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: Insufficient data to determine if AALI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AALI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.