Edison Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Edison Lithium has a total shareholder equity of CA$8.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$8.7M and CA$128.3K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$683.09k
Equity	CA$8.56m
Total liabilities	CA$128.31k
Total assets	CA$8.69m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: EDDY's short term assets (CA$869.8K) exceed its short term liabilities (CA$128.3K).

Long Term Liabilities: EDDY has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: EDDY is debt free.

Reducing Debt: EDDY 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: EDDY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EDDY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5% each year

Edison Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

Mava Gasoil LLC accepted a non-binding purchase offer letter to acquire Resource Ventures S.A. from Edison Lithium Corp. (TSXV:EDDY) for $3.5 million.

New major risk - Financial position

Edison Lithium Corp., Annual General Meeting, Feb 26, 2024

Meteor Energy, LLC signed a letter of intent to acquire Resource Ventures S.A. from Edison Lithium Corp. (TSXV:EDDY) for $5 million.

Meteor Energy, LLC signed a letter of intent to acquire Resource Ventures S.A. from Edison Lithium Corp. (TSXV:EDDY) for $5 million.

Edison Lithium Corp., Annual General Meeting, Jan 31, 2024

Edison Lithium Corp. announced that it expects to receive CAD 1.5 million in funding

Edison Lithium Corp. (TSXV:EDDY) acquired Four Prime Sodium Brine Properties in Saskatchewan.

New minor risk - Shareholder dilution

Edison Lithium Corp. announced that it has received CAD 0.48 million in funding

Edison Lithium Corp. announced that it has received CAD 0.48 million in funding

Edison Lithium Corp. announced that it expects to receive CAD 0.48 million in funding

Edison Lithium Corp. Provides Update on the Salar Projects in Argentina

No independent directors

Edison Lithium Corp. announced that it expects to receive CAD 3 million in funding

Edison Lithium Corp., Annual General Meeting, Jul 28, 2022

No independent directors

Edison Lithium Corp. Provides an Update on Lithium Properties in Argentina

Edison Cobalt Corp. (TSXV:EDDY) entered into a Definitive Purchase and Sale Agreement to acquire Resource Ventures S.A. on $1.5 million.

Edison Cobalt Corp. announced that it has received CAD 0.108 million in funding

Edison Cobalt Corp. announced that it expects to receive CAD 0.108 million in funding

Edison Cobalt Corp. announced that it has received CAD 3.04461 million in funding

Edison Cobalt Corp Announces Board Changes

Edison Cobalt Corp. Appoints Nathan Rotstein as Director

Edison Cobalt Corp. announced that it has received CAD 1 million in funding

New 90-day high: CA$0.24

New 90-day high: CA$0.24

Edison Cobalt Corp. Announces Chief Financial Officer Changes

Edison Cobalt Corp. Announces Appointment of Mr. Eric Falardeau to its Board as an Independent Director and as A Member of its Audit Committee

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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