Electra Battery Materials Balance Sheet Health
Financial Health criteria checks 2/6
Electra Battery Materials has a total shareholder equity of CA$131.1M and total debt of CA$58.7M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CA$210.3M and CA$79.2M respectively.
Key information
44.8%
Debt to equity ratio
CA$58.75m
Debt
Interest coverage ratio | n/a |
Cash | CA$15.68m |
Equity | CA$131.14m |
Total liabilities | CA$79.16m |
Total assets | CA$210.31m |
Financial Position Analysis
Short Term Liabilities: ELBM's short term assets (CA$17.4M) do not cover its short term liabilities (CA$72.9M).
Long Term Liabilities: ELBM's short term assets (CA$17.4M) exceed its long term liabilities (CA$6.2M).
Debt to Equity History and Analysis
Debt Level: ELBM's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: ELBM's debt to equity ratio has increased from 0% to 44.8% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELBM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.8% each year