Lithium South Development Balance Sheet Health
Financial Health criteria checks 6/6
Lithium South Development has a total shareholder equity of CA$12.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$12.9M and CA$384.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$505.22k |
Equity | CA$12.52m |
Total liabilities | CA$384.50k |
Total assets | CA$12.91m |
Financial Position Analysis
Short Term Liabilities: LIS's short term assets (CA$678.6K) exceed its short term liabilities (CA$384.5K).
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 98.5%.
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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LIS is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.