Atlas Lithium Balance Sheet Health
Financial Health criteria checks 4/6
Atlas Lithium has a total shareholder equity of $27.0M and total debt of $9.8M, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are $60.9M and $33.9M respectively.
Key information
36.5%
Debt to equity ratio
US$9.84m
Debt
| Interest coverage ratio | n/a |
| Cash | US$32.27m |
| Equity | US$26.96m |
| Total liabilities | US$33.90m |
| Total assets | US$60.86m |
Financial Position Analysis
Short Term Liabilities: ATLX's short term assets ($32.6M) exceed its short term liabilities ($5.3M).
Long Term Liabilities: ATLX's short term assets ($32.6M) exceed its long term liabilities ($28.6M).
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.