Grid Battery Metals (Grid Battery Metals) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Grid Battery Metals Debt-to-Equity?

Grid Battery Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Grid Battery Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Grid Battery Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.79 Mil. Grid Battery Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Grid Battery Metals's Debt-to-Equity or its related term are showing as below:

During the past 12 years, the highest Debt-to-Equity Ratio of Grid Battery Metals was 0.11. The lowest was -0.34. And the median was 0.00.

EVKRF'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.

Grid Battery Metals Debt-to-Equity Historical Data

The historical data trend for Grid Battery Metals'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.

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Grid Battery Metals Debt-to-Equity Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.11

0.01

Grid Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Grid Battery Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Grid Battery Metals'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.

Grid Battery Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Grid Battery Metals's Debt-to-Equity falls into.

Grid Battery Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grid Battery Metals'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
	=	(0.008	+	0.011)	/	5.848
	=	0.00

Grid Battery Metals'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
	=	(0.007	+	0.007)	/	6.785
	=	0.00

Grid Battery Metals (OTCPK:EVKRF) 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.

Grid Battery Metals Debt-to-Equity Related Terms

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Grid Battery Metals (Grid Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (OTCPK:EVKRF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

W47:Germany CELL:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.