LITSF (Lithos Group) Debt-to-Equity : 0.03 (As of Jul. 2024)

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What is Lithos Group Debt-to-Equity?

Lithos Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.51 Mil. Lithos Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Lithos Group's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $15.88 Mil. Lithos Group's debt to equity for the quarter that ended in Jul. 2024 was 0.03.

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 Lithos Group's Debt-to-Equity or its related term are showing as below:

LITSF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.91 Med: 0.03 Max: 3.27
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Lithos Group was 3.27. The lowest was -2.91. And the median was 0.03.

LITSF's Debt-to-Equity is ranked better than
76.5% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LITSF: 0.03

Lithos Group Debt-to-Equity Historical Data

The historical data trend for Lithos Group'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.

Lithos Group Debt-to-Equity Chart

Lithos Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Debt-to-Equity

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0.93

-0.66

0.47

0.03

Lithos Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.02	0.03	0.03	0.03

Competitive Comparison of Lithos Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithos Group'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.

Lithos Group's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lithos Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithos Group's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.517	+	0)	/	17.048
	=	0.03

Lithos Group's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.505	+	0)	/	15.879
	=	0.03

Lithos Group (OTCPK:LITSF) 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.

Lithos Group Debt-to-Equity Related Terms

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Lithos Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithos Group Ltd (OTCPK:LITSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

V1R:Germany LITS:Canada

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.lithostechnology.com

Lithos Group Ltd is a company having its application of Direct Lithium Extraction technology for economical, environmentally efficient, and sustainable lithium production. The Company has developed patented oil & gas wastewater solutions technology for DLE, called AcQUA. The modular technology can convert produced brine water into completely purified desalinated irrigation water and extract pure liquid commodity chemicals.