NOA Lithium Brines Balance Sheet Health
Financial Health criteria checks 4/6
NOA Lithium Brines has a total shareholder equity of CA$12.5M and total debt of CA$1.4M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are CA$14.6M and CA$2.1M respectively.
Key information
11.0%
Debt to equity ratio
CA$1.37m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$526.00k |
| Equity | CA$12.48m |
| Total liabilities | CA$2.14m |
| Total assets | CA$14.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NLIB.F's short term assets (CA$560.3K) do not cover its short term liabilities (CA$2.1M).
Long Term Liabilities: NLIB.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NLIB.F's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NLIB.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: NLIB.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NLIB.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.