Lake Resources Balance Sheet Health
Financial Health criteria checks 5/6
Lake Resources has a total shareholder equity of A$154.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$177.6M and A$23.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$22.90m |
| Equity | AU$154.57m |
| Total liabilities | AU$23.06m |
| Total assets | AU$177.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LK1's short term assets (A$25.6M) exceed its short term liabilities (A$18.8M).
Long Term Liabilities: LK1's short term assets (A$25.6M) exceed its long term liabilities (A$4.2M).
Debt to Equity History and Analysis
Debt Level: LK1 is debt free.
Reducing Debt: LK1 has no debt compared to 5 years ago when its debt to equity ratio was 11.1%.
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: LK1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LK1 has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 48.4% each year.