Lithium Ionic Balance Sheet Health
Financial Health criteria checks 4/6
Lithium Ionic has a total shareholder equity of CA$3.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.6M and CA$7.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$10.19m |
| Equity | CA$3.79m |
| Total liabilities | CA$7.86m |
| Total assets | CA$11.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H3N's short term assets (CA$10.7M) exceed its short term liabilities (CA$7.7M).
Long Term Liabilities: H3N's short term assets (CA$10.7M) exceed its long term liabilities (CA$136.0K).
Debt to Equity History and Analysis
Debt Level: H3N is debt free.
Reducing Debt: H3N 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: H3N has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: H3N has less than a year of cash runway if free cash flow continues to reduce at historical rates of 65.2% each year