LTUM (Lithium) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Lithium Debt-to-Equity?

Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Lithium's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1.06 Mil. Lithium'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 Lithium's Debt-to-Equity or its related term are showing as below:

LTUM'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.

Lithium Debt-to-Equity Historical Data

The historical data trend for 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.

Lithium Debt-to-Equity Chart

Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Lithium 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															-	-	-	-	-

Competitive Comparison of Lithium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, 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.

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

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

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

Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium's Debt to Equity Ratio for the fiscal year 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	+	0)	/	1.818
	=	0.00

Lithium's Debt to Equity Ratio for the quarter that ended in Sep. 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)	/	1.06
	=	0.00

Lithium (OTCPK:LTUM) 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.

Lithium Debt-to-Equity Related Terms

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Lithium Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0JVB:UK

Address

1031 Railroad Street, Suite 102B, Elko, NV, USA, 89801

Website

https://www.lithiumcorporation.com

Lithium Corp is an exploration company based in Nevada. It is engaged in the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA, and two prospects in British Columbia, Canada. The company's properties include Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property, and BC Sugar Flake Graphite property.

Executives

Dr Borenstein Ltd	10 percent owner	18 REINES ST, TEL AVIV L3 00000
Tom Lewis	director, 10 percent owner, officer: President/Secretary/Treasurer	1958 NEWHAVEN LOOP, RICHLAND WA 99352
Alexander Richard Walsh	director, 10 percent owner, officer: President / CEO	320 E. FAIRMONT DR, TEMPE AZ 85282
Brian O'connell Goss	director	1031 RAILROAD STREET, SUITE 102B, ELKO NV 89801
James Stuart Brown	director	APARTMENT PEARL GARDEN, UNIT NO. WP00606, JL. JEN. GATOT SUBROTO KAV 5-7, JAKARTA K8 12930
John G Webster	director	224 W. 16TH AVENUE, SPOKANE WA 99203
John E Hiner	director, 10 percent owner, officer: VP of Exploration	9443 AXLUND ROAD, LYNDEN WA 98264
Henry H Tonking	director	PO BOX 6545, INCLINE VILLAGE NV 89451
Mazen Hleiss	director, officer: President/Secretary/Treasurer	999 - 3RD AVE #3800, SEATTLE WA 98104