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EVKRF (Grid Battery Metals) Debt-to-Equity : 0.00 (As of Sep. 2024)


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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 Sep. 2024 was $0.01 Mil. Grid Battery Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Grid Battery Metals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $5.51 Mil. Grid Battery Metals's debt to equity for the quarter that ended in Sep. 2024 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 13 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.

* Premium members only.

Grid Battery Metals Debt-to-Equity Chart

Grid Battery Metals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.01 - - -

Grid Battery Metals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

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. 2024 is calculated as

Grid Battery Metals's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


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

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


Grid Battery Metals Business Description

Traded in Other Exchanges
Address
3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6
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; Grid Copper Project, Texas Spring, Volt canyon and Clayton Valley Lithium.