First Lithium Minerals Balance Sheet Health
Financial Health criteria checks 5/6
First Lithium Minerals has a total shareholder equity of CA$3.2M and total debt of CA$211.3K, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CA$3.7M and CA$427.6K respectively.
Key information
6.5%
Debt to equity ratio
CA$211.30k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.46m |
| Equity | CA$3.24m |
| Total liabilities | CA$427.61k |
| Total assets | CA$3.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLMC.F's short term assets (CA$2.6M) exceed its short term liabilities (CA$427.6K).
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 a year based on its current free cash flow.
Forecast Cash Runway: FLMC.F has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 3.1% each year.