Comet Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Comet Lithium has a total shareholder equity of CA$6.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.6M and CA$545.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$986.02k |
Equity | CA$6.02m |
Total liabilities | CA$545.18k |
Total assets | CA$6.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XTRR.F's short term assets (CA$1.1M) exceed its short term liabilities (CA$545.2K).
Long Term Liabilities: XTRR.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XTRR.F is debt free.
Reducing Debt: XTRR.F has not had any debt for 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: XTRR.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: XTRR.F is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.