Lithiumbank Resources (TSXV:LBNK) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Lithiumbank Resources Debt-to-Equity?

Lithiumbank Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.35 Mil. Lithiumbank Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Lithiumbank Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$12.40 Mil. Lithiumbank Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Lithiumbank Resources's Debt-to-Equity or its related term are showing as below:

TSXV:LBNK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.1
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Lithiumbank Resources was 0.10. The lowest was 0.03. And the median was 0.06.

TSXV:LBNK's Debt-to-Equity is ranked better than
75.56% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:LBNK: 0.03

Lithiumbank Resources Debt-to-Equity Historical Data

The historical data trend for Lithiumbank Resources'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.

Lithiumbank Resources Debt-to-Equity Chart

Lithiumbank Resources Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

0.10

Lithiumbank Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	0.10	0.03

Competitive Comparison of Lithiumbank Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithiumbank Resources'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.

Lithiumbank Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lithiumbank Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithiumbank Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.6	+	0)	/	6.319
	=	0.09

Lithiumbank Resources'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
	=	(0.35	+	0)	/	12.401
	=	0.03

Lithiumbank Resources (TSXV:LBNK) 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.

Lithiumbank Resources Debt-to-Equity Related Terms

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

Lithiumbank Resources (TSXV:LBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithiumbank Resources Corp (TSXV:LBNK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LBNKF:USA HT9:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.lithiumbank.ca

Lithiumbank Resources Corp is engaged in the exploration and development company focused on lithium-enriched brine projects in Western Canada.

Executives

John Gianni Kovacevic	Director
Christopher Stuart Murray	Director

Lithiumbank Resources (TSXV:LBNK) Headlines

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