Luca Mining Balance Sheet Health
Financial Health criteria checks 2/6
Luca Mining has a total shareholder equity of CA$54.9M and total debt of CA$41.0M, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are CA$147.1M and CA$92.2M respectively.
Key information
74.6%
Debt to equity ratio
CA$40.95m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.72m |
Equity | CA$54.88m |
Total liabilities | CA$92.18m |
Total assets | CA$147.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUCM.F's short term assets (CA$24.2M) do not cover its short term liabilities (CA$74.9M).
Long Term Liabilities: LUCM.F's short term assets (CA$24.2M) exceed its long term liabilities (CA$17.2M).
Debt to Equity History and Analysis
Debt Level: LUCM.F's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: LUCM.F's debt to equity ratio has reduced from 527.6% to 74.6% 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: LUCM.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LUCM.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.7% each year