Frontier Lithium Balance Sheet Health

Financial Health criteria checks 5/6

Frontier Lithium has a total shareholder equity of CA$28.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$35.3M and CA$6.6M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$25.53m
Equity	CA$28.65m
Total liabilities	CA$6.61m
Total assets	CA$35.26m

Recent financial health updates

Recent updates

We're Keeping An Eye On Frontier Lithium's (CVE:FL) Cash Burn Rate

Jun 21

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

Mar 05

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

Nov 21

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

Aug 04

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

Mar 10

We're Hopeful That Frontier Lithium (CVE:FL) Will Use Its Cash Wisely

Sep 30

We're Keeping An Eye On Frontier Lithium's (CVE:FL) Cash Burn Rate

Mar 23

Here's Why We're Watching Frontier Lithium's (CVE:FL) Cash Burn Situation

Oct 20

Financial Position Analysis

Short Term Liabilities: FL's short term assets (CA$27.5M) exceed its short term liabilities (CA$6.6M).

Long Term Liabilities: FL's short term assets (CA$27.5M) exceed its long term liabilities (CA$1,000.0).

Debt to Equity History and Analysis

Debt Level: FL is debt free.

Reducing Debt: FL had no debt 5 years ago.

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: FL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.9% each year

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 07:00
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Frontier Lithium Inc. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gregory Jones	BMO Capital Markets Equity Research
Mohamed Sidibe	CIBC Capital Markets
Anita Soni	CIBC Capital Markets

Frontier Lithium Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

We're Keeping An Eye On Frontier Lithium's (CVE:FL) Cash Burn Rate

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

We're Hopeful That Frontier Lithium (CVE:FL) Will Use Its Cash Wisely

Recent updates

Price target decreased by 8.8% to CA$2.75

Chairman of the Board exercised options to buy CA$165k worth of stock.

New major risk - Financial position

Frontier Lithium Inc. Strikes High-Grade Lithium at Ember Pegmatite 1Km from the Spark Resource

New minor risk - Market cap size

Frontier Lithium Inc., Annual General Meeting, Sep 30, 2024

New minor risk - Market cap size

Insufficient new directors

New major risk - Financial position

We're Keeping An Eye On Frontier Lithium's (CVE:FL) Cash Burn Rate

New major risk - Revenue and earnings growth

Price target decreased by 7.9% to CA$3.02

Price target decreased by 7.7% to CA$3.28

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

New minor risk - Share price stability

New major risk - Financial position

New minor risk - Market cap size

Frontier Lithium Inc. Releases the Results of Summer 2023 Regional Prospecting and Channel Sampling Program At Pennock

Price target decreased by 8.6% to CA$3.55

New major risk - Financial position

New major risk - Financial position

We Think Frontier Lithium (CVE:FL) Needs To Drive Business Growth Carefully

Frontier Lithium Inc. Awards Contract for Definitive Feasibility Study for the Pak Lithium Project

Price target decreased by 7.5% to CA$3.88

Frontier Lithium Inc. Intersects 108.4m of 2.12% Li2O on the Spark Pegmatite

Independent Director recently bought CA$57k worth of stock

Frontier Lithium Inc. Announces Results on the Remaining Holes Drilled and Recent Channels Cut on the Bolt Pegmatite, Concluding the 2023 Maiden Drill Program

New major risk - Revenue and earnings growth

Frontier Lithium Provides Additional Drilling Results Indcicating Bolt Pegmatite Is Up to 75M Wide

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

Frontier Lithium Inc. Appoints Erick Underwood as Its New Chief Financial Officer

Frontier Lithium Inc., Annual General Meeting, Sep 13, 2023

We Think Frontier Lithium (CVE:FL) Can Afford To Drive Business Growth

Frontier Lithium Intersects 398.25M of Pegmatite Averaging 1.88% Li2O, Including A 23.4M Zone of 3.12% Li2O

Frontier Lithium Discovers A New Lct Pegmatite and Announces Results from 2022 Regional Mapping Program

Frontier Lithium Intersects 154.3M of Pegmatite Averaging 1.69% Li2o, Including A 26M Zone of 2.15% Li2o

Frontier Lithium Inc. Intersects 126.8M of Pegmatite Averaging 1.31% Li2o, Including A 11M Zone of 1.79% Li2o and 459Ppm Ta2o5 and Announces New Stock Option Plan and Grant of Options

Frontier Lithium Inc. Intersects 338M of Pegmatite Averaging 1.64% Li2o, Including A 68M Zone of 2.00% Li2o

High number of new directors

Frontier Lithium Inc. has completed a Composite Units Offering in the amount of CAD 20.02 million.

Frontier Lithium Inc. Intersects 326.6M of Pegmatite Averaging 1.92% Li2o, Including A 50M Zone of 2.98% Li2o

We're Hopeful That Frontier Lithium (CVE:FL) Will Use Its Cash Wisely

Frontier Lithium Inc. Intersects 330.7 Metres of High-Grade Lithium Averaging 1.79% Li2o over Horizontal Distance of 120 Metres

Frontier Lithium Inc., Annual General Meeting, Oct 03, 2022

Frontier Lithium Inc. Intersects 357.5M of High-Grade Lithium Averaging 1.63% Li2o over A Horizontal Distance of 110 Metres and Remains Open

Frontier Lithium Inc. Announces Results for Four of the Drill Holes Completed During the Phase XII Drill Program on the Spark Pegmatite

Frontier Lithium Inc., Annual General Meeting, Sep 21, 2022

President & CEO exercised options to buy CA$230k worth of stock.

Frontier Lithium Inc. Auditor Raises 'Going Concern' Doubt

Frontier Lithium Inc. Announces Drill Results Extend the Spark Lithium Deposit Strike Length by 80 Metres to the West and Discovers a New Mineralized Zone

Frontier Lithium Inc. Announces Remaining 2022 Exploration Plans Including A Minimum of 15,000 Meters of Drilling and Releases the Results from Channel Sampling At the Bolt Pegmatite

High number of new directors

Frontier Lithium Inc. Appoints Tony (Ming Wei) Zheng as Chief Financial Officer

Frontier Lithium Completes Advanced Phase Lithium Concentrate Pilot

We're Keeping An Eye On Frontier Lithium's (CVE:FL) Cash Burn Rate

Frontier Lithium Inc. Reports Updated Mineral Resource Estimate for the Spark Deposit

Frontier Lithium Inc. Drills 405 Metres of 1.5% Li2O from Phase X Drilling at Spark

Frontier Lithium Inc. Announces Board Changes

Frontier Drills 322 Meters of 1.6% Li2o from Phase X Drilling At Spark

Insider exercised options to buy CA$309k worth of stock.

Frontier Lithium Inc. Reports Metallurgical Results from the Company's 100% Owned Pak Lithium Project in the Red Lake Mining District

Frontier Lithium Inc. announced that it has received CAD 12.00258 million in funding

Frontier Lithium Inc. announced that it expects to receive CAD 10.00122 million in funding

Insider recently bought CA$94k worth of stock

Here's Why We're Watching Frontier Lithium's (CVE:FL) Cash Burn Situation

Frontier Lithium Inc. Announces Results of the Remaining Three Delineation Drill Hole Drilled During the Phase IX Drill Program in February and March 2021 on the Spark Pegmatite

Frontier Lithium Inc. Announces Results of Two of Six Drill Holes Drilled During February and March on the Spark Pegmatite

Government of Ontario Agrees to Contribute $363,000 Towards Assisting Frontier Lithium with Piloting a Proprietary Process

Independent Director exercised options to buy CA$449k worth of stock.