Lovitt Resources (TSXV:LRC.H) Debt-to-Equity : -1.46 (As of Mar. 2023)

Lovitt Resources Debt-to-Equity Chart

Lovitt Resources Annual Data
	Trend	Dec11	Dec12	Dec13	Dec14	Mar16	Mar17	Mar18	Mar19	Jun21	Jun22
Debt-to-Equity		Get a 7-Day Free Trial					-2.90	-1.77	-1.63	-1.65	-1.51

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															-1.75	-1.51	-1.46	-1.41	-1.46

Competitive Comparison of Lovitt Resources's Debt-to-Equity

For the Gold subindustry, Lovitt Resources'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.

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

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

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

Lovitt Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lovitt Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Lovitt Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as

* 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.

Lovitt Resources  (TSXV:LRC.H) 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.

Lovitt Resources Debt-to-Equity Related Terms

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Lovitt Resources (TSXV:LRC.H) Business Description