Electra Battery Materials Balance Sheet Health
Financial Health criteria checks 2/6
Electra Battery Materials has a total shareholder equity of CA$70.0M and total debt of CA$55.4M, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CA$148.2M and CA$78.1M respectively.
Key information
79.1%
Debt to equity ratio
CA$55.42m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.13m |
| Equity | CA$70.02m |
| Total liabilities | CA$78.15m |
| Total assets | CA$148.17m |
Financial Position Analysis
Short Term Liabilities: ELBM's short term assets (CA$7.0M) do not cover its short term liabilities (CA$64.6M).
Long Term Liabilities: ELBM's short term assets (CA$7.0M) do not cover its long term liabilities (CA$13.5M).
Debt to Equity History and Analysis
Debt Level: ELBM's net debt to equity ratio (71.8%) is considered high.
Reducing Debt: ELBM's debt to equity ratio has increased from 0% to 79.1% 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: ELBM has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ELBM is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.