Millennial Lithium (TSXV:ML) Equity-to-Asset : 0.99 (As of Aug. 2021)

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What is Millennial Lithium Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Millennial Lithium's Total Stockholders Equity for the quarter that ended in Aug. 2021 was C$111.77 Mil. Millennial Lithium's Total Assets for the quarter that ended in Aug. 2021 was C$112.91 Mil.

The historical rank and industry rank for Millennial Lithium's Equity-to-Asset or its related term are showing as below:

TSXV:ML' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.98 Max: 1
Current: 0.99

During the past 13 years, the highest Equity to Asset Ratio of Millennial Lithium was 1.00. The lowest was 0.52. And the median was 0.98.

TSXV:ML's Equity-to-Asset is not ranked
in the Metals & Mining industry.
Industry Median: 0.8 vs TSXV:ML: 0.99

Millennial Lithium Equity-to-Asset Historical Data

The historical data trend for Millennial Lithium's Equity-to-Asset 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.

Millennial Lithium Equity-to-Asset Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Equity-to-Asset

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0.97

0.98

0.97

0.99

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Equity-to-Asset	Get a 7-Day Free Trial															0.99	0.99	0.99	0.99	0.99

Competitive Comparison of Millennial Lithium's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Millennial Lithium's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Millennial Lithium's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Millennial Lithium Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Millennial Lithium's Equity to Asset Ratio for the fiscal year that ended in Feb. 2021 is calculated as

Equity to Asset (A: Feb. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	116.14	/	117.09
	=

Millennial Lithium's Equity to Asset Ratio for the quarter that ended in Aug. 2021 is calculated as

Equity to Asset (Q: Aug. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	111.766	/	112.913
	=

Millennial Lithium (TSXV:ML) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Millennial Lithium Equity-to-Asset Related Terms

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

Millennial Lithium (TSXV:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (TSXV:ML) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.