Sigma Lithium (Sigma Lithium) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is Sigma Lithium Debt-to-Equity?

Sigma Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.1 Mil. Sigma Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $108.5 Mil. Sigma Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $159.7 Mil. Sigma Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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

SGML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.44 Max: 0.98
Current: 0.82

During the past 12 years, the highest Debt-to-Equity Ratio of Sigma Lithium was 0.98. The lowest was 0.04. And the median was 0.44.

SGML's Debt-to-Equity is ranked worse than
83.68% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SGML: 0.82

Sigma Lithium Debt-to-Equity Historical Data

The historical data trend for Sigma 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.

Sigma Lithium Debt-to-Equity Chart

Sigma Lithium Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

0.42

0.04

0.44

0.82

Sigma Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.79	0.78	0.72	0.82

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

For the Other Industrial Metals & Mining subindustry, Sigma 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.

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

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

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

Sigma Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sigma 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
	=	(23.136	+	108.523)	/	159.723
	=	0.82

Sigma 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
	=	(23.136	+	108.523)	/	159.723
	=	0.82

Sigma Lithium (NAS:SGML) 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.

Sigma Lithium Debt-to-Equity Related Terms

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Sigma Lithium (Sigma Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sigma Lithium Corp (NAS:SGML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SGML:Canada S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.