Ultra Lithium Balance Sheet Health
Financial Health criteria checks 4/6
Ultra Lithium has a total shareholder equity of CA$10.8M and total debt of CA$1.0M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CA$13.3M and CA$2.5M respectively.
Key information
9.5%
Debt to equity ratio
CA$1.02m
Debt
Interest coverage ratio | n/a |
Cash | CA$65.85k |
Equity | CA$10.77m |
Total liabilities | CA$2.51m |
Total assets | CA$13.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ULTX.F's short term assets (CA$584.9K) do not cover its short term liabilities (CA$2.3M).
Long Term Liabilities: ULTX.F's short term assets (CA$584.9K) exceed its long term liabilities (CA$247.7K).
Debt to Equity History and Analysis
Debt Level: ULTX.F's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: ULTX.F's debt to equity ratio has increased from 0% to 9.5% 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 sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ULTX.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.