Lodestar Metals (TSXV:LSTR) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Lodestar Metals Debt-to-Equity?

Lodestar Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Lodestar Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Lodestar Metals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$2.19 Mil. Lodestar Metals'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 Lodestar Metals's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Lodestar Metals was -0.38. The lowest was -0.38. And the median was -0.38.

TSXV:LSTR'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.

Lodestar Metals Debt-to-Equity Historical Data

The historical data trend for Lodestar 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.

* Premium members only.

Lodestar Metals Debt-to-Equity Chart

Lodestar Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.38

Lodestar Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial													-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Lodestar 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.

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

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

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

Lodestar Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lodestar Metals'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)	/	2.641
	=	0.00

Lodestar Metals'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)	/	2.187
	=	0.00

Lodestar Metals (TSXV:LSTR) 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.

Lodestar Metals Debt-to-Equity Related Terms

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

Lodestar Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lodestar Metals Corp (TSXV:LSTR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SVTNF:USA

Address

1680 - 355 Burrard Street, Vancouver, BC, CAN, V6C 2G8

Website

https://www.lodestarbatterymetals.ca

Lodestar Metals Corp is a Canadian mining exploration company. It owned the Peny Property in Snow Lake District of the Province of Manitoba, Canada to focus on the exploration and development of lithium projects.

Executives

Lowell M. Kamin

Director, Senior Officer