Critical Elements Lithium (TSXV:CRE) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Critical Elements Lithium Debt-to-Equity?

Critical Elements Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.05 Mil. Critical Elements Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.18 Mil. Critical Elements Lithium's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$71.56 Mil. Critical Elements Lithium's debt to equity for the quarter that ended in Nov. 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 Critical Elements 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 Critical Elements Lithium was 0.36. The lowest was 0.00. And the median was 0.11.

TSXV:CRE'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.

Critical Elements Lithium Debt-to-Equity Historical Data

The historical data trend for Critical Elements 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.

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Critical Elements Lithium Debt-to-Equity Chart

Critical Elements Lithium Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.29

0.32

0.02

Critical Elements Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Critical Elements Lithium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Critical Elements 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.

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

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

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

Critical Elements Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Critical Elements Lithium's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.045	+	0.192)	/	72.064
	=	0.00

Critical Elements Lithium's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.046	+	0.18)	/	71.559
	=	0.00

Critical Elements Lithium (TSXV:CRE) 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.

Critical Elements Lithium Debt-to-Equity Related Terms

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Critical Elements Lithium (TSXV:CRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Elements Lithium Corp (TSXV:CRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CRECF:USA F12:Germany

Address

80, De La Seigneurie Ouest West Boulevard, Bureau 201, Blainville, Montreal, QC, CAN, H2Z 1S8

Website

https://www.cecorp.ca

Critical Elements Lithium Corp is involved in the acquisition, exploration, and development of mining properties. It focuses on an exploration of rare earth metals, particularly lithium and Tantalum. The company's properties include Rose Lithium -Tantalum, Nisk, Arques, Bourier, Caumont, and Dumulon among others.

Critical Elements Lithium (TSXV:CRE) Headlines

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