Lithium Ionic (TSXV:LTH) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Lithium Ionic Debt-to-Equity?

Lithium Ionic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.26 Mil. Lithium Ionic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.24 Mil. Lithium Ionic's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$8.18 Mil. Lithium Ionic's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

TSXV:LTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.06
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Lithium Ionic was 0.06. The lowest was 0.01. And the median was 0.03.

TSXV:LTH's Debt-to-Equity is ranked better than
63.45% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:LTH: 0.06

Lithium Ionic Debt-to-Equity Historical Data

The historical data trend for Lithium Ionic'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 Ionic Debt-to-Equity Chart

Lithium Ionic Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.06

Lithium Ionic Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.01	0.02	0.06	0.02	0.06

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

For the Other Industrial Metals & Mining subindustry, Lithium Ionic'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 Ionic's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lithium Ionic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Ionic'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
	=	(0.256	+	0.239)	/	8.179
	=	0.06

Lithium Ionic'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
	=	(0.256	+	0.239)	/	8.179
	=	0.06

Lithium Ionic (TSXV:LTH) 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 Ionic Debt-to-Equity Related Terms

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Lithium Ionic (TSXV:LTH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LTHCF:USA

Address

36 Lombard Street, 4th Floor, Toronto, ON, CAN, M5C 2X3

Website

https://www.lithiumionic.com

Lithium Ionic Corp is a Canadian junior exploration company focused on developing commercial-grade lithium. It owns a 100% ownership interest in the Itinga lithium project. It operates a single operating segment, which is mineral exploration and evaluation in Brazil.