Labrador Iron Mines Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Labrador Iron Mines Holdings has a total shareholder equity of CA$24.9M and total debt of CA$265.0K, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CA$26.8M and CA$1.9M respectively.
Key information
1.1%
Debt to equity ratio
CA$265.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$2.95k |
Equity | CA$24.93m |
Total liabilities | CA$1.92m |
Total assets | CA$26.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LBRM.F's short term assets (CA$18.7K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: LBRM.F's short term assets (CA$18.7K) do not cover its long term liabilities (CA$276.9K).
Debt to Equity History and Analysis
Debt Level: LBRM.F's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: LBRM.F's debt to equity ratio has increased from 0% to 1.1% 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: LBRM.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LBRM.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.8% each year.