Nevada Lithium Resources (XCNQ:NVLH) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Nevada Lithium Resources Debt-to-Equity?

Nevada Lithium Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Nevada Lithium Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Nevada Lithium Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$38.41 Mil. Nevada Lithium Resources's debt to equity for the quarter that ended in Jan. 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 Nevada Lithium Resources's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Nevada Lithium Resources was 0.05. The lowest was 0.00. And the median was 0.01.

XCNQ:NVLH'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.

Nevada Lithium Resources Debt-to-Equity Historical Data

The historical data trend for Nevada Lithium 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.

Nevada Lithium Resources Debt-to-Equity Chart

Nevada Lithium Resources Annual Data

Trend

Apr21

Apr22

Apr23

Debt-to-Equity

0.05

Nevada Lithium Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.05	-	-	-

Competitive Comparison of Nevada Lithium Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nevada Lithium 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.

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

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

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

Nevada Lithium Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nevada Lithium Resources's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.38	+	0)	/	7.371
	=	0.05

Nevada Lithium Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	0)	/	38.405
	=	0.00

Nevada Lithium Resources (XCNQ:NVLH) 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.

Nevada Lithium Resources Debt-to-Equity Related Terms

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

Nevada Lithium Resources (XCNQ:NVLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Lithium Resources Inc (XCNQ:NVLH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NVLHF:USA 87K:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.nvlithium.com

Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.

Executives

Marcel Boekhoorn

10% Security Holder

Nevada Lithium Resources (XCNQ:NVLH) Headlines

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