Lithium Energi Exploration (TSXV:LEXI) Debt-to-Equity : 3.09 (As of Nov. 2023)

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What is Lithium Energi Exploration Debt-to-Equity?

Lithium Energi Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Lithium Energi Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$5.98 Mil. Lithium Energi Exploration's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$1.94 Mil. Lithium Energi Exploration's debt to equity for the quarter that ended in Nov. 2023 was 3.08.

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 Energi Exploration's Debt-to-Equity or its related term are showing as below:

TSXV:LEXI' s Debt-to-Equity Range Over the Past 10 Years
Min: -25.54 Med: 0.46 Max: 40.01
Current: 3.09

During the past 13 years, the highest Debt-to-Equity Ratio of Lithium Energi Exploration was 40.01. The lowest was -25.54. And the median was 0.46.

TSXV:LEXI's Debt-to-Equity is ranked worse than
97.48% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:LEXI: 3.09

Lithium Energi Exploration Debt-to-Equity Historical Data

The historical data trend for Lithium Energi Exploration'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 Energi Exploration Debt-to-Equity Chart

Lithium Energi Exploration Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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6.51

40.01

-8.77

-3.90

-1.50

Lithium Energi Exploration Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-2.66	-1.50	0.94	1.37	3.09

Competitive Comparison of Lithium Energi Exploration's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithium Energi Exploration'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 Energi Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Lithium Energi Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Energi Exploration's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(10.08	+	0)	/	-6.737
	=	-1.50

Lithium Energi Exploration's Debt to Equity Ratio for the quarter that ended in Nov. 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	+	5.984)	/	1.94
	=	3.08

Lithium Energi Exploration (TSXV:LEXI) 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 Energi Exploration Debt-to-Equity Related Terms

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

Lithium Energi Exploration (TSXV:LEXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energi Exploration Inc (TSXV:LEXI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LXENF:USA L09:Germany

Address

161 Bay Street, 27th Floor, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.lithiumenergi.com

Lithium Energi Exploration Inc is a Canada-based exploration company. It is engaged in the acquisition, exploration, identification, and evaluation of assets in the lithium industry. The company mainly focuses on its portfolio of lithium properties. It holds an interest in Laguna Caro Project, Antofalla North Project, and Antofalla South Project.

Lithium Energi Exploration (TSXV:LEXI) Headlines

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