Core Lithium (Core Lithium) Debt-to-Equity : 1.60 (As of Dec. 2014)

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What is Core Lithium Debt-to-Equity?

Core Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2014 was $0.00 Mil. Core Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2014 was $1.90 Mil. Core Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2014 was $1.19 Mil. Core Lithium's debt to equity for the quarter that ended in Dec. 2014 was 1.60.

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

CORX's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Core Lithium Debt-to-Equity Historical Data

The historical data trend for Core 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.

Core Lithium Debt-to-Equity Chart

Core Lithium Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Debt-to-Equity

3.20

2.34

1.98

1.60

Core Lithium Quarterly Data
	Mar11	Sep11	Dec11	Mar12	Sep12	Dec12	Mar13	Sep13	Dec13	Dec14
Debt-to-Equity	Get a 7-Day Free Trial					2.34	2.12	2.18	1.98	1.60

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

For the Other Industrial Metals & Mining subindustry, Core 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.

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

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

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

Core Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Core Lithium's Debt to Equity Ratio for the fiscal year that ended in Dec. 2014 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	+	1.9)	/	1.187
	=	1.60

Core Lithium's Debt to Equity Ratio for the quarter that ended in Dec. 2014 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	+	1.9)	/	1.187
	=	1.60

Core Lithium (GREY:CORX) 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.

Core Lithium Debt-to-Equity Related Terms

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Core Lithium (Core Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Lithium Corp (GREY:CORX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 East Fifth Street, 15th Floor, PMB No121, Cincinnati, OH, USA, 45202

Website

http://www.corelithium.com

Core Lithium Corp is a United States based development stage company. It is engaged in the business of exploration, mining, and development of prospective Lithium assets in North America.

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