Jindalee Lithium (ASX:JLL) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Jindalee Lithium Debt-to-Equity?

Jindalee Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Jindalee Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Jindalee Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$19.88 Mil. Jindalee Lithium's debt to equity for the quarter that ended in Dec. 2023 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 Jindalee Lithium's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Jindalee Lithium was 0.04. The lowest was 0.00. And the median was 0.00.

ASX:JLL'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.

Jindalee Lithium Debt-to-Equity Historical Data

The historical data trend for Jindalee 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.

Jindalee Lithium Debt-to-Equity Chart

Jindalee Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

Jindalee 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	-	-

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

For the Other Industrial Metals & Mining subindustry, Jindalee 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.

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

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

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

Jindalee Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jindalee 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
	=	(0.059	+	0)	/	17.818
	=	0.00

Jindalee 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
	=	(0.03	+	0)	/	19.882
	=	0.00

Jindalee Lithium (ASX:JLL) 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.

Jindalee Lithium Debt-to-Equity Related Terms

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Jindalee Lithium (ASX:JLL) Business Description

Industry

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

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JNDAF:USA

Address

9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.jindaleelithium.com

Jindalee Lithium Ltd is engaged in the exploration and development of Lithium properties in Australia. It holds interests in various tenements located in Tasmania and Western Australia, including gold, diamonds, nickel, iron ore, copper, magnesite, uranium, and other base metals, as well as rare earth minerals. The project holdings of the company include U.S. Lithium, McDermitt Lithium Project which is the largest lithium deposit contained by lithium in the United States, and The Clayton North project.