Grounded Lithium (TSXV:GRD) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Grounded Lithium Debt-to-Equity?

Grounded Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.06 Mil. Grounded Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Grounded Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2.88 Mil. Grounded Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSXV:GRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.03
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Grounded Lithium was 0.03. The lowest was 0.02. And the median was 0.03.

TSXV:GRD's Debt-to-Equity is ranked better than
82.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:GRD: 0.02

Grounded Lithium Debt-to-Equity Historical Data

The historical data trend for Grounded 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.

Grounded Lithium Debt-to-Equity Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

0.02

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.04	0.03	0.03	0.02

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

For the Other Industrial Metals & Mining subindustry, Grounded 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.

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

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

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

Grounded Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grounded 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
	=	(0.056	+	0)	/	2.875
	=	0.02

Grounded 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
	=	(0.056	+	0)	/	2.875
	=	0.02

Grounded Lithium (TSXV:GRD) 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.

Grounded Lithium Debt-to-Equity Related Terms

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

Grounded Lithium (TSXV:GRD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRDAF:USA

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.

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