Lite Access Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Lite Access Technologies has a total shareholder equity of CA$663.1K and total debt of CA$564.5K, which brings its debt-to-equity ratio to 85.1%. Its total assets and total liabilities are CA$3.8M and CA$3.1M respectively.
Key information
85.1%
Debt to equity ratio
CA$564.49k
Debt
Interest coverage ratio | n/a |
Cash | CA$561.45k |
Equity | CA$663.08k |
Total liabilities | CA$3.12m |
Total assets | CA$3.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTE's short term assets (CA$2.9M) exceed its short term liabilities (CA$2.4M).
Long Term Liabilities: LTE's short term assets (CA$2.9M) exceed its long term liabilities (CA$695.4K).
Debt to Equity History and Analysis
Debt Level: LTE's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: LTE's debt to equity ratio has increased from 1.7% to 85.1% 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: LTE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LTE has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.8% each year.