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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for First Lithium's Debt-to-Equity or its related term are showing as below:
ASX:FL1'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.2
Current: 0.11
During the past 13 years, the highest Debt-to-Equity Ratio of First Lithium was 0.20. The lowest was 0.00. And the median was 0.11.
ASX:FL1's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14
vs ASX:FL1: 0.11
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
First Lithium Debt-to-Equity Related Terms
First Lithium Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Lithium's Debt-to-Equity 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.
First Lithium Debt-to-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Lithium's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
First Lithium Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Lithium's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Lithium's Debt-to-Equity falls into.
* 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.
First Lithium (ASX:FL1) has a Debt-to-Equity of 0.11 as of Jun. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Lithium and its competitors. This is near median its historical median of 0.11.
Is First Lithium's Debt-to-Equity too high?
First Lithium's current Debt-to-Equity of 0.11 is near median its 10-year median of 0.11. The Metals & Mining industry median Debt-to-Equity is 0.14. First Lithium's value of 0.11 is 21.4% below this industry median. Overall, First Lithium has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does First Lithium's Debt-to-Equity compare to competitors?
First Lithium's Debt-to-Equity of 0.11 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. First Lithium's value of 0.11 is 21.4% below this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 0.14, First Lithium has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,223 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Lithium's current Debt-to-Equity of 0.11 is 21.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Lithium and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Lithium's current Debt-to-Equity is 0.11, which is near median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Lithium stock overvalued right now?
First Lithium (ASX:FL1) has a current Debt-to-Equity of 0.11. The current Debt-to-Equity is 0.11, which is near median its 10-year median of 0.11 and 21.4% below the Metals & Mining industry median of 0.14. First Lithium's overall GF Score™ is 22/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For First Lithium (ASX:FL1), the current Debt-to-Equity is 0.11 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
First Lithium Ltd is a mineral exploration and development company. It is focused on West African mineral exploration and development. The company is predominantly engaged in the acquisition, and progress exploration, of the two lithium mineral bearing permits, Faraba and Gouna in Mali (the Mali Lithium Project).
22GF Score
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