Century Lithium (TSXV:LCE) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Century Lithium Debt-to-Equity?

Century Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.28 Mil. Century Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.29 Mil. Century Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$54.66 Mil. Century Lithium'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 Century Lithium's Debt-to-Equity or its related term are showing as below:

TSXV:LCE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Century Lithium was 0.03. The lowest was 0.01. And the median was 0.01.

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

Century Lithium Debt-to-Equity Historical Data

The historical data trend for Century Lithium'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.

Century Lithium Debt-to-Equity Chart

Century Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

Century Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

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

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

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

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

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

Century Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Century Lithium'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
	=	(0.278	+	0.294)	/	54.656
	=	0.01

Century Lithium'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
	=	(0.278	+	0.294)	/	54.656
	=	0.01

Century Lithium (TSXV:LCE) 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.

Century Lithium Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Century Lithium's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Century Lithium (TSXV:LCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Century Lithium Corp (TSXV:LCE) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CYDVF:USA C1Z:Germany

Address

777 Dunsmuir Street, Suite 1610, PO Box 10427, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.centurylithium.com

Century Lithium Corp Is a lithium exploration company engaged in the acquisition, exploration, evaluation, and development of resource properties located in the United States. It has focused on developing owned Clayton Valley Lithium Project in Nevada, USA. The company discovered a world-class resource of lithium-bearing claystone, adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. It is actively processing material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada.

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