CleanTech Lithium Balance Sheet Health
Financial Health criteria checks 4/6
CleanTech Lithium has a total shareholder equity of £19.8M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £20.5M and £730.4K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | n/a |
Cash | UK£6.20m |
Equity | UK£19.79m |
Total liabilities | UK£730.35k |
Total assets | UK£20.52m |
Financial Position Analysis
Short Term Liabilities: CTL's short term assets (£6.8M) exceed its short term liabilities (£730.4K).
Long Term Liabilities: CTL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CTL is debt free.
Reducing Debt: CTL has no debt compared to 5 years ago when its debt to equity ratio was 25.5%.
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: CTL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CTL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 64.1% each year