Atlas Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Atlas Lithium has a total shareholder equity of $9.3M and total debt of $9.8M, which brings its debt-to-equity ratio to 104.9%. Its total assets and total liabilities are $43.7M and $34.4M respectively.
Key information
104.9%
Debt to equity ratio
US$9.77m
Debt
| Interest coverage ratio | n/a |
| Cash | US$29.55m |
| Equity | US$9.31m |
| Total liabilities | US$34.37m |
| Total assets | US$43.68m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATLX's short term assets ($29.7M) exceed its short term liabilities ($5.7M).
Long Term Liabilities: ATLX's short term assets ($29.7M) exceed its long term liabilities ($28.7M).
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 more than a year 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.