Piedmont Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Piedmont Lithium has a total shareholder equity of $286.2M and total debt of $24.1M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are $329.2M and $43.0M respectively.
Key information
8.4%
Debt to equity ratio
US$24.06m
Debt
| Interest coverage ratio | n/a |
| Cash | US$70.23m |
| Equity | US$286.21m |
| Total liabilities | US$43.02m |
| Total assets | US$329.23m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PLL's short term assets ($73.7M) exceed its short term liabilities ($37.0M).
Long Term Liabilities: PLL's short term assets ($73.7M) exceed its long term liabilities ($6.0M).
Debt to Equity History and Analysis
Debt Level: PLL has more cash than its total debt.
Reducing Debt: PLL's debt to equity ratio has increased from 5.7% to 8.4% over the past 5 years.
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: PLL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PLL is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.