The balance sheet reflects a precarious liquidity position, evidenced by a cash balance of only $1.26 million that leaves minimal margin for project development errors.
| Metric | Jun'24 | Jun'23 | Jun'22 | Jun'21 |
|---|
| Total Current Assets | 3.74M | 231.6K | 181K | 298.66K |
| Cash & Short-Term Investments | 1.26M | 137.45K | 136.1K | 184.19K |
| Cash Only | 1.26M | 137.45K | 136.1K | 184.19K |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 833.69K | 89.84K | 40.77K | 109.77K |
| Days Sales Outstanding | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 55.61M | 34.75M | 30.5M | 28.6M |
| Property, Plant & Equipment | 31.72K | 7.55K | 14K | 6.78K |
| Fixed Asset Turnover | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5.34M | 159.76M | 158.11M | 0 |
| Other Non-Current Assets | 50.23M | -125.01M | -127.62M | 28.59M |
| Total Assets | 59.35M | 34.98M | 30.68M | 28.9M |
| Asset Turnover | - | - | - | - |
| Asset Growth % | 69.65% | 14.02% | 6.18% | - |
| Total Current Liabilities | 63.44M | 3.21M | 304.56K | 566.51K |
| Accounts Payable | 6.41M | 3.24M | 304.3K | 554.23K |
| Days Payables Outstanding | 89.92K | - | - | - |
| Short-Term Debt | 4.28M | 153.13K | 153.13K | 72.81K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 41.65M | -243.77K | -153.13K | -72.81K |
| Current Ratio | 0.06x | 0.07x | 0.59x | 0.53x |
| Quick Ratio | 0.06x | 0.07x | 0.59x | 0.53x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 15.02M | 8.15M | 8.15M | 0 |
| Long-Term Debt | 15M | 0 | 0 | 0 |
| Capital Lease Obligations | 23.8K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 8.15M | 0 | 0 |
| Total Liabilities | 78.46M | 3.21M | 304.56K | 566.51K |
| Total Debt | 19.31M | 153.13K | 0 | 0 |
| Net Debt | 18.05M | -137.45K | -136.1K | -184.19K |
| Debt / Equity | - | 0.00x | - | - |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | -0.08x | - | - | -3624.34x |
| Total Equity | -19.11M | 31.77M | 30.38M | 28.33M |
| Equity Growth % | -160.14% | 4.59% | 7.23% | - |
| Book Value per Share | -0.24 | 1.46 | 1.40 | - |
| Total Shareholders' Equity | -19.11M | 31.77M | 30.38M | 28.33M |
| Common Stock | 51.51M | 39.41K | 39.41K | 39.41K |
| Retained Earnings | -156.73M | -9.14M | -3.79M | -3.5M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 39.59M | 40.88M | 34.13M | 31.8M |
| Minority Interest | 0 | 0 | 0 | 0 |
Critical liquidity and financing shortfall
As reported in recent financial filings, the company remains in a pre-revenue development phase, with a cash balance of approximately $1.26 million that suggests a precarious trajectory as it attempts to advance the Wolfsberg Lithium Project without a stable, self-sustaining operational income base.
The company's trajectory is defined by its transition from a subsidiary to a standalone public entity, which has increased administrative overhead without providing a corresponding revenue stream. Investors should monitor whether this capital structure can support the high-cost environment of European mining operations or if the firm will face a forced dilution event.
Based on the company's reported figures, the $1.26 million cash position represents a highly constrained liquidity profile that leaves the firm with virtually no margin for error regarding project development milestones or unexpected cost overruns in the capital-intensive construction phase of the Wolfsberg site.
This limited liquidity suggests that the company is likely operating on a month-to-month basis, which may hinder its ability to negotiate favorable terms with contractors or suppliers. The lack of a robust cash buffer implies that any delay in permitting or technical execution could necessitate immediate and potentially dilutive external financing.
According to SEC filings, the company's equity profile is significantly impacted by the CRMLW warrant structure, which introduces non-cash fair value adjustments that obscure the underlying operational reality and complicate the assessment of true shareholder value for institutional participants monitoring the firm's development progress.
The reliance on complex financial instruments rather than retained earnings highlights the speculative nature of the current equity base. Analysts should be wary of how these warrants may influence future dilution and whether they create a misalignment between management's capital allocation and long-term shareholder interests.
As noted in recent financial disclosures, the company's practice of capitalizing exploration and evaluation expenditures may mask the true magnitude of the cash burn required to reach production, potentially leading to an overestimation of the firm's financial health by those focusing solely on headline asset values.
This accounting treatment warrants further investigation, as it effectively shifts current operating expenses into long-term assets on the balance sheet. Investors should interpret these figures with caution, as they may not accurately reflect the immediate cash requirements needed to sustain the business until the Wolfsberg project achieves commercial viability.
Quick answers to the most common questions about buying CRMLW stock.
As of 2024, Critical Metals Corp. (CRMLW) had total assets of $59.4M including $3.7M in current assets.
Critical Metals Corp. (CRMLW) carries total debt of $19.3M, offset by $1.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Critical Metals Corp. (CRMLW) has total shareholders' equity (book value) of $-19.1M ($-0.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Critical Metals Corp. (CRMLW) reported a current ratio of 0.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.