ATLX (Atlas Lithium) Debt-to-Asset : 0.18 (As of Sep. 2024)

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What is Atlas Lithium Debt-to-Asset?

Atlas Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.41 Mil. Atlas Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $10.20 Mil. Atlas Lithium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $60.49 Mil. Atlas Lithium's debt to asset for the quarter that ended in Sep. 2024 was 0.18.

Atlas Lithium Debt-to-Asset Historical Data

The historical data trend for Atlas Lithium's Debt-to-Asset 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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Atlas Lithium Debt-to-Asset Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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1.47

1.76

0.01

0.23

Atlas Lithium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															-	0.23	0.28	0.17	0.18

Competitive Comparison of Atlas Lithium's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Atlas Lithium's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Atlas Lithium's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Atlas Lithium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Atlas Lithium's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.195	+	9.935)	/	43.574
	=	0.23

Atlas Lithium's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.411	+	10.202)	/	60.494
	=	0.18

Atlas Lithium (NAS:ATLX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Atlas Lithium Debt-to-Asset Related Terms

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

Atlas Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (NAS:ATLX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

C480:Germany

Address

Rua Buenos Aires, 10-14th Floor, Belo Horizonte, MG, BRA, 30.315-570

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. They intend to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.

Executives

Igor Tkachenko	officer: VP, Corporate Strategy	1200 N. FEDERAL HWY, SUITE 200, BOCA RATON FL 33432
Marc Fogassa	director, 10 percent owner, officer: Chief Executive Officer	324 SOUTH BEVERLY DRIVE, SUITE 118, BEVERLY HILLS CA 90212
Pereira De Aguiar Gustavo	officer: CFO/PAO	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Volodymyr Myadzel	officer: Senior VP, Geology	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Cassiopeia Olson	director	2015 S BEVERLY GLEN BLVD., 101, 101, LOS ANGELES CA 90025
Brian W. Bernier	officer: Vice President	605 BELMONT PLACE, BOYNTON BEACH FL 33436
Stephen R. Petersen	director	C/O FOUR SPRINGS CAPITAL TRUST, 1901 MAIN STREET, LAKE COMO NJ 07719
De Paiva Monteiro Joel	officer: VP, Admin & Ops, ESG Chief	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Nogueira Da Silva Junior Areli	officer: VP, Mineral Exploration	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Roger Noriega	director	1150 K STREET, N.W., WASHINGTON DC 20005
Peter Kristofer Goldy	10 percent owner	9903 SANTA MONICA BLVD, SUITE 187, BEVERLY HILLS CA 90212
Sainte Valiere, Llc	10 percent owner	SOUTHPAC TRUST NEVIS LIMITED, HUNKINS PLAZA, CHARLESTOWN U7 NONE
Brazil Mining, Inc.	10 percent owner	324 SOUTH BEVERLY DRIVE, STE. 118, BEVERLY HILLS CA 90212
Luis Azevedo	director	AV. JOURNALISTA RICARDO MARINHO 360, SALA 113 ED.COSMOPOLITAN,BARRA DA TIJUCA, RIO DE JANEIRO, CEP 22631-350 D5 22631-350
Paul Durand	director	99 LYTTLETON GARDENS, OTTAWA A6 K1L5A4