Advance Lithium (TSXV:AALI.H) Debt-to-Asset : 0.12 (As of Feb. 2023)

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What is Advance Lithium Debt-to-Asset?

Advance Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was C$0.10 Mil. Advance Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was C$0.00 Mil. Advance Lithium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2023 was C$0.78 Mil. Advance Lithium's debt to asset for the quarter that ended in Feb. 2023 was 0.12.

Advance Lithium Debt-to-Asset Historical Data

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

Advance Lithium Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Debt-to-Asset

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0.06

0.07

0.06

0.04

0.11

Advance Lithium Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.11	0.12	0.13	0.12

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

For the Gold subindustry, Advance 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.

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

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

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

Advance Lithium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Advance Lithium's Debt-to-Asset for the fiscal year that ended in May. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.092	+	0)	/	0.872
	=	0.11

Advance Lithium's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(0.095	+	0)	/	0.783
	=	0.12

Advance Lithium (TSXV:AALI.H) 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.

Advance Lithium Debt-to-Asset Related Terms

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Advance Lithium (TSXV:AALI.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advance Lithium Corp (TSXV:AALI.H) » Definitions » Debt-to-Asset

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ADGCF:USA

Address

432 Royal Avenue, Kamloops, BC, CAN, V2B 3P7

Website

https://www.advancelithiumcorp.com

Advance Lithium Corp is a junior exploration company focused on exploring and acquiring mineral properties containing lithium, precious metals and fertilizer minerals. The company has approximately 13 lithium-potassium-boron salars and a pilot plant designed and built using a patented extraction method to process lithium in a green manner.

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