Lithium Americas (TSX:LAC) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Lithium Americas Debt-to-Equity?

Lithium Americas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Lithium Americas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$4.18 Mil. Lithium Americas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$546.65 Mil. Lithium Americas's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Lithium Americas's Debt-to-Equity or its related term are showing as below:

TSX:LAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.31 Med: -1 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Lithium Americas was 0.01. The lowest was -1.31. And the median was -1.00.

TSX:LAC's Debt-to-Equity is ranked better than
99.92% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:LAC: 0.01

Lithium Americas Debt-to-Equity Historical Data

The historical data trend for Lithium Americas'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.

Lithium Americas Debt-to-Equity Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-1.00

-1.31

0.01

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-1.31	0.01	N/A	0.16	0.01

Competitive Comparison of Lithium Americas's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithium Americas'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.

Lithium Americas's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lithium Americas's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lithium Americas's Debt-to-Equity falls into.

Lithium Americas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Americas'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
	=	(0	+	4.176)	/	546.651
	=	0.01

Lithium Americas'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
	=	(0	+	4.176)	/	546.651
	=	0.01

Lithium Americas (TSX:LAC) 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.

Lithium Americas Debt-to-Equity Related Terms

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Lithium Americas (TSX:LAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (TSX:LAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LAC:USA WUC:Germany WUC:Germany

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.