Atlas Lithium Balance Sheet Health
Financial Health criteria checks 3/6
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 ratio | n/a |
| Cash | US$22.06m |
| Equity | US$23.81m |
| Total liabilities | US$36.68m |
| Total assets | US$60.49m |
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 less than a year of cash runway based on its current free cash flow.
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.