Ultra Lithium Balance Sheet Health
Financial Health criteria checks 1/6
Ultra Lithium has a total shareholder equity of CA$10.3M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CA$13.4M and CA$3.1M respectively.
Key information
10.5%
Debt to equity ratio
CA$1.08m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$84.17k |
| Equity | CA$10.27m |
| Total liabilities | CA$3.09m |
| Total assets | CA$13.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ULTX.F's short term assets (CA$186.6K) do not cover its short term liabilities (CA$2.8M).
Long Term Liabilities: ULTX.F's short term assets (CA$186.6K) do not cover its long term liabilities (CA$245.1K).
Debt to Equity History and Analysis
Debt Level: ULTX.F's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: ULTX.F's debt to equity ratio has increased from 0% to 10.5% 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: ULTX.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ULTX.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27% each year