Spod Lithium (XCNQ:SPOD) Debt-to-Equity : 0.00 (As of Apr. 2025)

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What is Spod Lithium Debt-to-Equity?

Spod Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2025 was C$0.00 Mil. Spod Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2025 was C$0.00 Mil. Spod Lithium's Total Stockholders Equity for the quarter that ended in Apr. 2025 was C$5.13 Mil. Spod Lithium's debt to equity for the quarter that ended in Apr. 2025 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 Spod Lithium's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Spod Lithium was -0.07. The lowest was -0.07. And the median was -0.07.

XCNQ:SPOD's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Spod Lithium Debt-to-Equity Historical Data

The historical data trend for Spod 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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Spod Lithium Debt-to-Equity Chart

Spod Lithium Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Debt-to-Equity

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-0.07

Spod Lithium Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Spod 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.

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

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

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

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Spod Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spod Lithium's Debt to Equity Ratio for the fiscal year that ended in Jul. 2024 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	+	0)	/	4.662
	=	0.00

Spod Lithium's Debt to Equity Ratio for the quarter that ended in Apr. 2025 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	+	0)	/	5.126
	=	0.00

Spod Lithium (XCNQ:SPOD) 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.

Spod Lithium Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Spod Lithium's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Spod Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spod Lithium Corp (XCNQ:SPOD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPODF:USA

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.spodlithiumcorp.com

Spod Lithium Corp is a mineral exploration company focused on the acquisition and development of mineral properties containing batteries, bases, and precious metals. The Company's primary lithium properties are strategically located in Quebec and Ontario, Canada. The projects of the company include Golden Moon Property, Ferdinand Property, Byron Pegmatite, Lithium Grande 4, Megali Property, North Nipigon Property, and Barbara Property.

Executives

Richard Goldstein	Director
Mathieu Couillard	Director, Senior Officer
Christopher Cooper	Director, Senior Officer

Spod Lithium Headlines

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