First Lithium Minerals Balance Sheet Health
Financial Health criteria checks 5/6
First Lithium Minerals has a total shareholder equity of CA$3.5M and total debt of CA$159.0K, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CA$3.9M and CA$411.7K respectively.
Key information
4.6%
Debt to equity ratio
CA$158.95k
Debt
Interest coverage ratio | n/a |
Cash | CA$2.68m |
Equity | CA$3.49m |
Total liabilities | CA$411.71k |
Total assets | CA$3.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLMC.F's short term assets (CA$2.8M) exceed its short term liabilities (CA$411.7K).
Long Term Liabilities: FLMC.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FLMC.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FLMC.F's debt to equity ratio has reduced 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: FLMC.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FLMC.F has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 11.1% each year.