Sigma Lithium Balance Sheet Health
Financial Health criteria checks 2/6
Sigma Lithium has a total shareholder equity of CA$177.7M and total debt of CA$300.4M, which brings its debt-to-equity ratio to 169%. Its total assets and total liabilities are CA$566.6M and CA$388.9M respectively. Sigma Lithium's EBIT is CA$65.2M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$103.1M.
Key information
169.0%
Debt to equity ratio
CA$300.40m
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$103.09m |
| Equity | CA$177.73m |
| Total liabilities | CA$388.91m |
| Total assets | CA$566.64m |
Recent financial health updates
Does Sigma Lithium (NASDAQ:SGML) Have A Healthy Balance Sheet?
May 03
We Think Sigma Lithium (NASDAQ:SGML) Has A Fair Chunk Of Debt
Dec 07Is Sigma Lithium (NASDAQ:SGML) A Risky Investment?
Aug 23We're Not Very Worried About Sigma Lithium's (NASDAQ:SGML) Cash Burn Rate
Jun 14Will Sigma Lithium (NASDAQ:SGML) Spend Its Cash Wisely?
Nov 30Sigma Lithium (NASDAQ:SGML) Is In A Good Position To Deliver On Growth Plans
Jul 21Recent updates
Sigma Lithium: Things Are Slowly Improving
Aug 18Sigma Lithium Corporation: Reevaluating The Company's Production Before Potential Sale
Jun 17Sigma Lithium (NASDAQ:SGML) Is Experiencing Growth In Returns On Capital
May 31Does Sigma Lithium (NASDAQ:SGML) Have A Healthy Balance Sheet?
May 03Need To Know: Analysts Are Much More Bullish On Sigma Lithium Corporation (NASDAQ:SGML) Revenues
Feb 14Is Sigma Lithium Corporation (NASDAQ:SGML) Trading At A 34% Discount?
Jan 24We Think Sigma Lithium (NASDAQ:SGML) Has A Fair Chunk Of Debt
Dec 07Estimating The Intrinsic Value Of Sigma Lithium Corporation (NASDAQ:SGML)
Oct 16Is Sigma Lithium (NASDAQ:SGML) A Risky Investment?
Aug 23We're Not Very Worried About Sigma Lithium's (NASDAQ:SGML) Cash Burn Rate
Jun 14Estimating The Intrinsic Value Of Sigma Lithium Corporation (NASDAQ:SGML)
May 17Is There An Opportunity With Sigma Lithium Corporation's (NASDAQ:SGML) 42% Undervaluation?
Jan 24Will Sigma Lithium (NASDAQ:SGML) Spend Its Cash Wisely?
Nov 30Why Sigma Lithium Stock Soared (Likely Tesla's Refining Interest)
Sep 15Sigma Lithium: Superior Project Economics, Buy On A Dip
Sep 08Sigma Lithium: New Phase 3 Could Bring Stock Demand
Aug 19Sigma Lithium (NASDAQ:SGML) Is In A Good Position To Deliver On Growth Plans
Jul 21Sigma Lithium: Outsized Risk/Return Based On Near-Term Production
Jul 21Sigma Lithium: A Pre-Production Miner About To Begin Production
May 31Sigma Lithium (NASDAQ:SGML) Is In A Good Position To Deliver On Growth Plans
Apr 15Sigma Lithium: Recent Growth Is Just The Beginning
Mar 18Financial Position Analysis
Short Term Liabilities: SGML's short term assets (CA$232.8M) exceed its short term liabilities (CA$222.5M).
Long Term Liabilities: SGML's short term assets (CA$232.8M) exceed its long term liabilities (CA$166.4M).
Debt to Equity History and Analysis
Debt Level: SGML's net debt to equity ratio (111%) is considered high.
Reducing Debt: SGML's debt to equity ratio has increased from 38.3% to 169% over the past 5 years.
Debt Coverage: SGML's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SGML's interest payments on its debt are not well covered by EBIT (2.9x coverage).