EEMMF (E3 Lithium) Debt-to-Asset : 0.01 (As of Sep. 2024)

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What is E3 Lithium Debt-to-Asset?

E3 Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.12 Mil. E3 Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.29 Mil. E3 Lithium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $40.83 Mil. E3 Lithium's debt to asset for the quarter that ended in Sep. 2024 was 0.01.

E3 Lithium Debt-to-Asset Historical Data

The historical data trend for E3 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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E3 Lithium Debt-to-Asset Chart

E3 Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.01

0.02

0.01

E3 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of E3 Lithium's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, E3 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.

E3 Lithium's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E3 Lithium's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where E3 Lithium's Debt-to-Asset falls into.

E3 Lithium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

E3 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
	=	(0.116	+	0.359)	/	46.204
	=	0.01

E3 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
	=	(0.117	+	0.292)	/	40.83
	=	0.01

E3 Lithium (OTCPK:EEMMF) 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.

E3 Lithium Debt-to-Asset Related Terms

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E3 Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E3 Lithium Ltd (OTCPK:EEMMF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

OW3:Germany OW3:Germany ETL:Canada

Address

300 - 5th Avenue SW, Suite 1520, Calgary, AB, CAN, T2P 3C4

Website

https://www.e3lithium.ca

E3 Lithium Ltd is a resource company with mineral properties in Alberta that is currently focused on technology development for lithium extraction from Alberta brines. It is engaged in the exploration of Clearwater and covering the Leduc Reservoir in south-central Alberta. The company's properties can be further sub-divided into five separate sub-properties namely Clearwater Sub-Property, Exshaw Sub-Property, Rocky Sub-Property, Sunbreaker Sub-Property and Drumheller Sub-Property.