Atlas Lithium Corporation

NasdaqCM:ATLX Stock Report

Market Cap: US$98.0m

Atlas Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Atlas Lithium has a total shareholder equity of $23.8M and total debt of $10.0M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are $60.5M and $36.7M respectively.

Key information

42.1%

Debt to equity ratio

US$10.03m

Debt

Interest coverage ration/a
CashUS$22.06m
EquityUS$23.81m
Total liabilitiesUS$36.68m
Total assetsUS$60.49m

Recent financial health updates

Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Sep 04
Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

May 21
Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Recent updates

Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Sep 04
Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

May 21
Does Atlas Lithium (NASDAQ:ATLX) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: ATLX's short term assets ($22.9M) exceed its short term liabilities ($6.5M).

Long Term Liabilities: ATLX's short term assets ($22.9M) do not cover its long term liabilities ($30.2M).


Debt to Equity History and Analysis

Debt Level: ATLX has more cash than its total debt.

Reducing Debt: ATLX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: ATLX has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if ATLX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 18:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Atlas Lithium Corporation is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob SekelskyAlliance Global Partners
Heiko IhleH.C. Wainwright & Co.
Joseph ReagorRoth MKM