Core Lithium (ASX:CXO) Debt-to-Equity

: 0.02 (As of Dec. 2023)

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Core Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.3 Mil. Core Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.3 Mil. Core Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$295.6 Mil. Core 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 Core Lithium's Debt-to-Equity or its related term are showing as below:

ASX:CXO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.07
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Core Lithium was 0.07. The lowest was 0.00. And the median was 0.01.

ASX:CXO's Debt-to-Equity is ranked better than
82.81% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:CXO: 0.02

Core Lithium Debt-to-Equity Historical Data

The historical data trend for Core 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.

Core Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.07

Core Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.07	0.07	0.02

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Core 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.

Core Lithium Debt-to-Equity Distribution

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

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

Core Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Core Lithium's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3.461	+	19.483)	/	354.922
	=	0.06

Core 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
	=	(2.273	+	3.314)	/	295.604
	=	0.02

Core Lithium (ASX:CXO) 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.

Core Lithium Debt-to-Equity Related Terms

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Core Lithium (ASX:CXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Lithium Ltd (ASX:CXO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CXOXF:USA 7CX:Germany

Address

2 Mill Street, Level 9, Perth, WA, AUS, 6000

Website

https://www.corelithium.com.au

Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, and copper deposits in the Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects. Its segment includes Finniss Lithium Project mining, crushing and processing operations and Exploration: exploration and evaluation of primarily Lithium mineralisation. It generates majority of its revenue from Finniss Lithium Project operations segment.

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