Lithium Ionic Balance Sheet Health
Financial Health criteria checks 1/6
Lithium Ionic has a total shareholder equity of CA$-162.5K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$32.4M and CA$32.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$28.14m |
| Equity | -CA$162.49k |
| Total liabilities | CA$32.58m |
| Total assets | CA$32.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H3N has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: H3N has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: H3N is debt free.
Reducing Debt: H3N's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 52.4% each year