Lithium Americas (Lithium Americas) Total Assets : $439.50 Mil (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Lithium Americas Total Assets?

Lithium Americas's Total Assets for the quarter that ended in Dec. 2023 was $439.50 Mil.

During the past 12 months, Lithium Americas's average Total Assets Growth Rate was 785.80% per year.

Total Assets is connected with ROA %. Lithium Americas's annualized ROA % for the quarter that ended in Dec. 2023 was -12.85%. Total Assets is also linked to Revenue through Asset Turnover. Lithium Americas's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Lithium Americas Total Assets Historical Data

The historical data trend for Lithium Americas's Total Assets 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 Americas Total Assets Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

10.85

27.84

439.50

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial				27.84	426.18	-	363.49	439.50

Lithium Americas Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Lithium Americas's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	407.462	+	32.038
	=	439.50

Lithium Americas's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	407.462	+	32.038
	=	439.50

Lithium Americas (NYSE:LAC) Total Assets Explanation

Total Assets is connected with ROA %.

Lithium Americas's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-51.604	/	( (363.491	+	439.5)	/ 2 )
	=	-51.604	/	401.4955
	=	-12.85 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Lithium Americas's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (363.491	+	439.5)	/ 2 )
=	0	/	401.4955
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Lithium Americas Total Assets Related Terms

Thank you for viewing the detailed overview of Lithium Americas's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.