VLTLF (Volt Lithium) Debt-to-Asset : 0.04 (As of Sep. 2024)

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What is Volt Lithium Debt-to-Asset?

Volt Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.08 Mil. Volt Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.28 Mil. Volt Lithium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $8.43 Mil. Volt Lithium's debt to asset for the quarter that ended in Sep. 2024 was 0.04.

Volt Lithium Debt-to-Asset Historical Data

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

Volt Lithium Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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21.00

0.66

0.04

Volt 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															-	0.04	0.05	0.04	0.04

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

For the Other Industrial Metals & Mining subindustry, Volt 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.

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

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

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

Volt Lithium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Volt Lithium's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(0.08	+	0.299)	/	8.682
	=	0.04

Volt 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
	=	(0.081	+	0.279)	/	8.432
	=	0.04

Volt Lithium (OTCPK:VLTLF) 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.

Volt Lithium Debt-to-Asset Related Terms

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Volt Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Lithium Corp (OTCPK:VLTLF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

I2D:Germany I2D:Germany VLT:Canada

Address

639-5th Avenue SW, Suite 1925, Calgary, AB, CAN, T2P 0M9

Website

https://www.voltlithium.com

Volt Lithium Corp is a lithium development, and technology company focusing to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project on the backbone of the mature and sophisticated Alberta oil industry that will allow the Company to catapult its development.