Comet Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Comet Lithium has a total shareholder equity of CA$6.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.5M and CA$1.0M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$2.46m |
Equity | CA$6.47m |
Total liabilities | CA$1.01m |
Total assets | CA$7.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLIC's short term assets (CA$3.0M) exceed its short term liabilities (CA$1.0M).
Long Term Liabilities: CLIC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CLIC is debt free.
Reducing Debt: CLIC 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: CLIC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CLIC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1.1% each year