Snow Lake Resources Balance Sheet Health
Financial Health criteria checks 4/6
Snow Lake Resources has a total shareholder equity of CA$24.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$30.4M and CA$6.0M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$6.29m |
Equity | CA$24.32m |
Total liabilities | CA$6.04m |
Total assets | CA$30.36m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LITM's short term assets (CA$6.9M) exceed its short term liabilities (CA$3.0M).
Long Term Liabilities: LITM's short term assets (CA$6.9M) exceed its long term liabilities (CA$3.0M).
Debt to Equity History and Analysis
Debt Level: LITM is debt free.
Reducing Debt: LITM had no debt 5 years ago.
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: LITM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LITM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 68.3% each year