Lithium South Development Balance Sheet Health
Financial Health criteria checks 4/6
Lithium South Development has a total shareholder equity of CA$14.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$14.5M and CA$96.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.25m |
| Equity | CA$14.45m |
| Total liabilities | CA$96.50k |
| Total assets | CA$14.54m |
Financial Position Analysis
Short Term Liabilities: LIS's short term assets (CA$2.3M) exceed its short term liabilities (CA$96.5K).
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 186.9%.
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 9.5% each year