Li-Cycle Holdings (Li-Cycle Holdings) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Li-Cycle Holdings Debt-to-Equity?

Li-Cycle Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.40 Mil. Li-Cycle Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $346.60 Mil. Li-Cycle Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $376.40 Mil. Li-Cycle Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Li-Cycle Holdings's Debt-to-Equity or its related term are showing as below:

LICY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.81 Max: 4.07
Current: 0.93

During the past 5 years, the highest Debt-to-Equity Ratio of Li-Cycle Holdings was 4.07. The lowest was 0.30. And the median was 0.81.

LICY's Debt-to-Equity is ranked worse than
63.84% of 224 companies
in the Waste Management industry
Industry Median: 0.685 vs LICY: 0.93

Li-Cycle Holdings Debt-to-Equity Historical Data

The historical data trend for Li-Cycle Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Li-Cycle Holdings Debt-to-Equity Chart

Li-Cycle Holdings Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Dec23

Debt-to-Equity

N/A

4.07

0.30

0.69

0.93

Li-Cycle Holdings Quarterly Data
	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.69	0.73	0.80	1.15	0.93

Competitive Comparison of Li-Cycle Holdings's Debt-to-Equity

For the Waste Management subindustry, Li-Cycle Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Li-Cycle Holdings's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Li-Cycle Holdings's Debt-to-Equity falls into.

Li-Cycle Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Li-Cycle Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.4	+	346.6)	/	376.4
	=	0.93

Li-Cycle Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.4	+	346.6)	/	376.4
	=	0.93

Li-Cycle Holdings (NYSE:LICY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Li-Cycle Holdings Debt-to-Equity Related Terms

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Li-Cycle Holdings (Li-Cycle Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Li-Cycle Holdings Corp (NYSE:LICY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7

Website

https://www.li-cycle.com

Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary "Spoke and Hub" recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce "black mass" and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.