Lithium South Development Balance Sheet Health
Financial Health criteria checks 4/6
Lithium South Development has a total shareholder equity of CA$13.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$14.1M and CA$602.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$1.49m |
Equity | CA$13.49m |
Total liabilities | CA$602.11k |
Total assets | CA$14.10m |
Financial Position Analysis
Short Term Liabilities: LIS's short term assets (CA$1.9M) exceed its short term liabilities (CA$602.1K).
Long Term Liabilities: LIS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LIS is debt free.
Reducing Debt: LIS has no debt compared to 5 years ago when its debt to equity ratio was 17.7%.
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: LIS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11% each year