Lithos Group (NEOE:LITS) Debt-to-Asset : 0.03 (As of Jan. 2024)

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What is Lithos Group Debt-to-Asset?

Lithos Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.02 Mil. Lithos Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.75 Mil. Lithos Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was C$27.38 Mil. Lithos Group's debt to asset for the quarter that ended in Jan. 2024 was 0.03.

Lithos Group Debt-to-Asset Historical Data

The historical data trend for Lithos Group'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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Lithos Group Debt-to-Asset Chart

Lithos Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Asset

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0.12

3.86

0.23

Lithos Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.03

Competitive Comparison of Lithos Group's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Lithos Group'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.

Lithos Group's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Lithos Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lithos Group's Debt-to-Asset for the fiscal year that ended in Apr. 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	+	0)	/	17.228
	=	0.00

Lithos Group's Debt-to-Asset for the quarter that ended in Jan. 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
	=	(0.016	+	0.749)	/	27.38
	=	0.03

Lithos Group (NEOE:LITS) 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.

Lithos Group Debt-to-Asset Related Terms

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Lithos Group (NEOE:LITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithos Group Ltd (NEOE:LITS) » Definitions » Debt-to-Asset

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LITSF:USA

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.lithostechnology.com

Lithos Energy Ltd Formerly Alchemist Mining Inc is developing a portfolio of high-quality domestic brine assets with time and cost efficient go-to-market, mitigating risk and locating near existing production areas.

Lithos Group (NEOE:LITS) Headlines

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