Lithium Energi Exploration Balance Sheet Health
Financial Health criteria checks 1/6
Lithium Energi Exploration has a total shareholder equity of CA$1.9M and total debt of CA$6.0M, which brings its debt-to-equity ratio to 308.4%. Its total assets and total liabilities are CA$8.9M and CA$6.9M respectively.
Key information
308.4%
Debt to equity ratio
CA$5.98m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.63m |
Equity | CA$1.94m |
Total liabilities | CA$6.93m |
Total assets | CA$8.88m |
Financial Position Analysis
Short Term Liabilities: LEXI's short term assets (CA$2.8M) exceed its short term liabilities (CA$951.1K).
Long Term Liabilities: LEXI's short term assets (CA$2.8M) do not cover its long term liabilities (CA$6.0M).
Debt to Equity History and Analysis
Debt Level: LEXI's net debt to equity ratio (173%) is considered high.
Reducing Debt: LEXI's debt to equity ratio has increased from 168.3% to 308.4% 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: LEXI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LEXI has less than a year of cash runway if free cash flow continues to grow at historical rates of 18.9% each year.