South Star Battery Metals (South Star Battery Metals) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is South Star Battery Metals Debt-to-Equity?

South Star Battery Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.01 Mil. South Star Battery Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. South Star Battery Metals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $9.38 Mil. South Star Battery Metals's debt to equity for the quarter that ended in Sep. 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 South Star Battery Metals's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of South Star Battery Metals was 0.33. The lowest was -0.24. And the median was 0.04.

STSBF'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.

South Star Battery Metals Debt-to-Equity Historical Data

The historical data trend for South Star Battery Metals'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.

South Star Battery Metals Debt-to-Equity Chart

South Star Battery Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.06

South Star Battery Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	-	-	-	-

Competitive Comparison of South Star Battery Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, South Star Battery Metals'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.

South Star Battery Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where South Star Battery Metals's Debt-to-Equity falls into.

South Star Battery Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Star Battery Metals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.013	+	0.007)	/	8.183
	=	0.00

South Star Battery Metals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.011	+	0)	/	9.381
	=	0.00

South Star Battery Metals (OTCPK:STSBF) 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.

South Star Battery Metals Debt-to-Equity Related Terms

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South Star Battery Metals (South Star Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Star Battery Metals Corp (OTCPK:STSBF) » Definitions » Debt-to-Equity

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STS:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.southstarbatterymetals.com

South Star Battery Metals Corp is focused on the acquisition and development of near-term mine-production projects, particularly battery minerals for clean energy. The company is currently developing the Santa Cruz Graphite Project in Bahia State, Brazil and also the Alabama Graphite Project in the USA.