Luca Mining Balance Sheet Health
Financial Health criteria checks 4/6
Luca Mining has a total shareholder equity of CA$54.9M and total debt of CA$26.1M, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are CA$120.4M and CA$65.5M respectively.
Key information
47.6%
Debt to equity ratio
CA$26.09m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.35m |
| Equity | CA$54.85m |
| Total liabilities | CA$65.52m |
| Total assets | CA$120.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z68's short term assets (CA$21.4M) do not cover its short term liabilities (CA$49.3M).
Long Term Liabilities: Z68's short term assets (CA$21.4M) exceed its long term liabilities (CA$16.3M).
Debt to Equity History and Analysis
Debt Level: Z68's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: Z68's debt to equity ratio has reduced from 1571.4% to 47.6% 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: Z68 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Z68 is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.