Nova Lithium (XCNQ:NVLI) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is Nova Lithium Debt-to-Asset?

Nova Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.10 Mil. Nova Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Nova Lithium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$0.91 Mil. Nova Lithium's debt to asset for the quarter that ended in Mar. 2024 was 0.11.

Nova Lithium Debt-to-Asset Historical Data

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

Nova Lithium Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Asset

Nova Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial							-	-	0.06	0.11	0.12

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

For the Other Industrial Metals & Mining subindustry, Nova 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.

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

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

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

Nova Lithium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nova Lithium's Debt-to-Asset for the fiscal year that ended in Jun. 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)	/	0.545
	=	0.00

Nova Lithium's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(0.104	+	0)	/	0.906
	=	0.11

Nova Lithium (XCNQ:NVLI) 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.

Nova Lithium Debt-to-Asset Related Terms

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Nova Lithium (XCNQ:NVLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Lithium Corp (XCNQ:NVLI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NVLIF:USA

Address

1110 Hamilton Street, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

https://www.novalithiumcorp.com

Nova Lithium Corp is engaged in the exploration and evaluation of resource properties. The company is predominantly engaged in the acquisition, exploration and development of lithium brine and lithium clay properties. It holds 100% interest in Deer Musk West Project.

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