Ultra Lithium Inc

Ultra Lithium Inc maintains a capital structure characterized by low leverage but severe liquidity constraints. The company holds total equity of CAD 6.48 million against total liabilities of CAD 3.27 million, resulting in a debt-to-equity ratio of 0.19. However, the balance sheet shows only CAD 298,400 in cash and equivalents against long-term debt of CAD 1.23 million, leading to a negative net cash position. The current ratio stands at 0.13, indicating that current liabilities significantly exceed current assets, which aligns with the medium liquidity risk assessment.

Profitability metrics reflect the company's pre-revenue or early-stage development status. The firm reports an operating income loss of CAD 4.88 million and a net income loss of CAD 4.27 million for the latest period. Return on equity is -65.85% and return on assets is -43.76%, demonstrating that the company is consuming capital rather than generating returns. The price-to-book ratio of 0.39 suggests the market values the company at a discount to its tangible book value, while the negative EV/EBITDA of -0.71 reflects the absence of positive earnings before interest, taxes, depreciation, and amortization.