LMRMF (Lomiko Metals) Debt-to-Equity : 0.00 (As of Oct. 2024)

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What is Lomiko Metals Debt-to-Equity?

Lomiko Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.00 Mil. Lomiko Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.00 Mil. Lomiko Metals's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $9.79 Mil. Lomiko Metals's debt to equity for the quarter that ended in Oct. 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 Lomiko 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 Lomiko Metals was 0.03. The lowest was 0.01. And the median was 0.02.

LMRMF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Lomiko Metals Debt-to-Equity Historical Data

The historical data trend for Lomiko 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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Lomiko Metals Debt-to-Equity Chart

Lomiko Metals Annual Data

Trend

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Jul24

Debt-to-Equity

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Lomiko Metals Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Lomiko Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lomiko 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.

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

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

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

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Lomiko Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lomiko Metals's Debt to Equity Ratio for the fiscal year 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	+	0)	/	10.012
	=	0.00

Lomiko Metals's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	0)	/	9.794
	=	0.00

Lomiko Metals (OTCPK:LMRMF) 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.

Lomiko Metals Debt-to-Equity Related Terms

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Lomiko Metals Business Description

Industry

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

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Traded in Other Exchanges

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Address

7184 120th Street, Suite 439, Surrey, BC, CAN, V3W 0M6

Website

https://www.lomiko.com

Lomiko Metals Inc is a company with the mission to manifest abundance of renewable energy with Canadian and Quebec critical minerals for a solution in North America. It is developing the La Loutre graphite deposit, located northwest of Montreal, and the Bourier lithium project, located in the James Bay region of Quebec in Canada's lithium triangle that has historically housed lithium deposits and mineralization trends. the company is also working on a graphite pipeline project. Lomiko Metals Graphics Portfolio which includes sub projects under it: Lac Boyd, Lac Dieppe, Lac Meloche, Lac Tremblant, Ruisseau, North Low.