Lara Exploration Balance Sheet Health
Financial Health criteria checks 6/6
Lara Exploration has a total shareholder equity of CA$6.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.5M and CA$152.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.73m |
| Equity | CA$6.30m |
| Total liabilities | CA$152.86k |
| Total assets | CA$6.46m |
Financial Position Analysis
Short Term Liabilities: LRA's short term assets (CA$2.8M) exceed its short term liabilities (CA$152.9K).
Long Term Liabilities: LRA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LRA is debt free.
Reducing Debt: LRA has not had any debt for 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: LRA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LRA has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 12.1% each year.