Atlas Lithium (STU:C480) Debt-to-Equity : 4.72 (As of Mar. 2024)

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What is Atlas Lithium Debt-to-Equity?

Atlas Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.33 Mil. Atlas Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €9.24 Mil. Atlas Lithium's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2.03 Mil. Atlas Lithium's debt to equity for the quarter that ended in Mar. 2024 was 4.72.

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 Atlas Lithium's Debt-to-Equity or its related term are showing as below:

STU:C480' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29 Med: -0.47 Max: 4.72
Current: 4.72

During the past 12 years, the highest Debt-to-Equity Ratio of Atlas Lithium was 4.72. The lowest was -1.29. And the median was -0.47.

STU:C480's Debt-to-Equity is ranked worse than
98.09% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs STU:C480: 4.72

Atlas Lithium Debt-to-Equity Historical Data

The historical data trend for Atlas 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.

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Atlas Lithium Debt-to-Equity Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.54

-0.48

-0.01

0.02

1.15

Atlas Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	-	1.15	4.72

Competitive Comparison of Atlas Lithium's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Atlas 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.

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

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

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

Atlas Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlas 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
	=	(0.167	+	9.207)	/	8.153
	=	1.15

Atlas Lithium's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.328	+	9.24)	/	2.029
	=	4.72

Atlas Lithium (STU:C480) 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.

Atlas Lithium Debt-to-Equity Related Terms

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

Atlas Lithium (STU:C480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (STU:C480) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ATLX:USA C480:Germany

Address

Rua Bahia 2463, Suite 205, Belo Horizonte, MG, BRA, 30.160-012

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its current focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain.

Atlas Lithium (STU:C480) Headlines

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