Lithium Australia (ASX:LIT) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Lithium Australia Debt-to-Equity?

Lithium Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.58 Mil. Lithium Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.64 Mil. Lithium Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$10.85 Mil. Lithium Australia's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 Lithium Australia's Debt-to-Equity or its related term are showing as below:

ASX:LIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.2
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Lithium Australia was 0.20. The lowest was 0.01. And the median was 0.07.

ASX:LIT's Debt-to-Equity is ranked worse than
56.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:LIT: 0.20

Lithium Australia Debt-to-Equity Historical Data

The historical data trend for Lithium Australia'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.

* Premium members only.

Lithium Australia Debt-to-Equity Chart

Lithium Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.03

0.15

0.07

Lithium Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.15	0.07	0.07	0.20

Competitive Comparison of Lithium Australia's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithium Australia'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.

Lithium Australia's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lithium Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Australia's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.669	+	0.616)	/	18.169
	=	0.07

Lithium Australia's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.576	+	0.64)	/	10.845
	=	0.20

Lithium Australia (ASX:LIT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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.

Lithium Australia Debt-to-Equity Related Terms

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Lithium Australia (ASX:LIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Australia Ltd (ASX:LIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LMMFF:USA 3MW:Germany

Address

677 Murray Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.lithium-au.com

Lithium Australia Ltd is engaged in the acquisition, mineral exploration, and process development, for the extraction and recovery of lithium. Its reportable segment includes Battery Recycling, Battery Materials, Chemicals, and Raw Materials. The majority of its revenue derives from the Battery Recycling segment which includes research and development of processing technology for mixed-battery recycling, as well as the sale of recovered energy metals.