Discovery Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Discovery Lithium has a total shareholder equity of CA$11.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$12.4M and CA$831.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.90m |
| Equity | CA$11.57m |
| Total liabilities | CA$831.68k |
| Total assets | CA$12.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q3Q0's short term assets (CA$3.1M) exceed its short term liabilities (CA$831.7K).
Long Term Liabilities: Q3Q0 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: Q3Q0 is debt free.
Reducing Debt: Q3Q0 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: Q3Q0 has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Q3Q0 is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.