Electra Battery Materials (TSXV:ELBM) Debt-to-Equity : 0.45 (As of Sep. 2023)

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What is Electra Battery Materials Debt-to-Equity?

Electra Battery Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$55.30 Mil. Electra Battery Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$3.64 Mil. Electra Battery Materials's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$131.14 Mil. Electra Battery Materials's debt to equity for the quarter that ended in Sep. 2023 was 0.45.

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 Electra Battery Materials's Debt-to-Equity or its related term are showing as below:

TSXV:ELBM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.51 Med: 0.22 Max: 4.4
Current: 0.45

During the past 11 years, the highest Debt-to-Equity Ratio of Electra Battery Materials was 4.40. The lowest was -0.51. And the median was 0.22.

TSXV:ELBM's Debt-to-Equity is ranked worse than
72.73% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:ELBM: 0.45

Electra Battery Materials Debt-to-Equity Historical Data

The historical data trend for Electra Battery Materials'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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Electra Battery Materials Debt-to-Equity Chart

Electra Battery Materials Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.07

0.23

Electra Battery Materials 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															0.26	0.23	0.57	0.44	0.45

Competitive Comparison of Electra Battery Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Electra Battery Materials'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.

Electra Battery Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Electra Battery Materials's Debt-to-Equity falls into.

Electra Battery Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electra Battery Materials'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
	=	(25.662	+	3.995)	/	126.509
	=	0.23

Electra Battery Materials'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
	=	(55.295	+	3.636)	/	131.144
	=	0.45

Electra Battery Materials (TSXV:ELBM) 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.

Electra Battery Materials Debt-to-Equity Related Terms

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Electra Battery Materials (TSXV:ELBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electra Battery Materials Corp (TSXV:ELBM) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ELBM:USA 18P:Germany

Address

133 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2L3

Website

https://www.electrabmc.com

Electra Battery Materials Corp is building North America's fully integrated, localized, and environmentally sustainable battery materials park. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable, and traceable raw materials for the region's fast growing electric vehicle industry.