Patagonia Lithium (ASX:PL3) Debt-to-Equity : 0.01 (As of Jun. 2024)

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What is Patagonia Lithium Debt-to-Equity?

Patagonia Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.04 Mil. Patagonia Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil. Patagonia Lithium's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$7.03 Mil. Patagonia Lithium's debt to equity for the quarter that ended in Jun. 2024 was 0.01.

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

ASX:PL3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 1 years, the highest Debt-to-Equity Ratio of Patagonia Lithium was 0.02. The lowest was 0.01. And the median was 0.01.

ASX:PL3's Debt-to-Equity is ranked better than
99.92% of 1239 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:PL3: 0.01

Patagonia Lithium Debt-to-Equity Historical Data

The historical data trend for Patagonia 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.

* Premium members only.

Patagonia Lithium Debt-to-Equity Chart

Patagonia Lithium Annual Data

Trend

Dec23

Debt-to-Equity

0.02

Patagonia Lithium Semi-Annual Data
	Jun23	Dec23	Jun24
Debt-to-Equity	-	0.02	0.01

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

For the Other Industrial Metals & Mining subindustry, Patagonia 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.

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

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

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

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Patagonia Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patagonia Lithium's Debt to Equity Ratio for the fiscal year 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
	=	(0.119	+	0)	/	7.119
	=	0.02

Patagonia Lithium's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.041	+	0)	/	7.026
	=	0.01

Patagonia Lithium (ASX:PL3) 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.

Patagonia Lithium Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Patagonia Lithium's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Patagonia Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Lithium Ltd (ASX:PL3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moray and Agnew, 505 Little Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.patagonialithium.com.au

Patagonia Lithium Ltd engages in mining and exploration activities. The company is pursuing lithium exploration projects in Argentina and Brazil. It holds interest in Formentera Project; Cilon Project; and Tomas III Project. The Formentera Project and the Cilon Project are situated in the Province of Jujuy, Argentina. The Tomas III Project is situated in the Province of Salta, Argentina.

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