Li-FT Power (TSXV:LIFT) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Li-FT Power Debt-to-Equity?

Li-FT Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.06 Mil. Li-FT Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.11 Mil. Li-FT Power's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$243.99 Mil. Li-FT Power's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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-FT Power's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of Li-FT Power was 0.28. The lowest was 0.00. And the median was 0.02.

TSXV:LIFT's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Li-FT Power Debt-to-Equity Historical Data

The historical data trend for Li-FT Power'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-FT Power Debt-to-Equity Chart

Li-FT Power Annual Data

Trend

Nov21

Nov22

Debt-to-Equity

0.05

Li-FT Power Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial						0.05	-	-	-	-

Competitive Comparison of Li-FT Power's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Li-FT Power'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-FT Power's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Li-FT Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Li-FT Power's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 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
	=	(0.55	+	0)	/	11.414
	=	0.05

Li-FT Power's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.064	+	0.114)	/	243.987
	=	0.00

Li-FT Power (TSXV:LIFT) 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-FT Power Debt-to-Equity Related Terms

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

Li-FT Power (TSXV:LIFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Li-FT Power Ltd (TSXV:LIFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LIFFF:USA WS0:Germany

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.li-ft.com

Li-FT Power Ltd is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties. The company is exploring lithium. Its project portfolio includes Rupert Project, Pontax Project, Moyenne Project, and Lithium Yellowknife Project.

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