Tantalex Lithium Resources (TSXV:TTX) Debt-to-Equity : -1.39 (As of Nov. 2023)

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What is Tantalex Lithium Resources Debt-to-Equity?

Tantalex Lithium Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$22.32 Mil. Tantalex Lithium Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$11.15 Mil. Tantalex Lithium Resources's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$-24.15 Mil. Tantalex Lithium Resources's debt to equity for the quarter that ended in Nov. 2023 was -1.39.

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

TSXV:TTX' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.01 Med: -0.57 Max: 6.99
Current: -1.39

During the past 13 years, the highest Debt-to-Equity Ratio of Tantalex Lithium Resources was 6.99. The lowest was -3.01. And the median was -0.57.

TSXV:TTX's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:TTX: -1.39

Tantalex Lithium Resources Debt-to-Equity Historical Data

The historical data trend for Tantalex Lithium Resources'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.

Tantalex Lithium Resources Debt-to-Equity Chart

Tantalex Lithium Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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-0.34

-0.83

-0.55

-1.11

-1.40

Tantalex Lithium Resources 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															-1.13	-1.40	-1.41	-1.44	-1.39

Competitive Comparison of Tantalex Lithium Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Tantalex Lithium 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.

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

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

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

Tantalex Lithium Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tantalex Lithium Resources'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
	=	(15.357	+	10.47)	/	-18.495
	=	-1.40

Tantalex Lithium Resources'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
	=	(22.321	+	11.145)	/	-24.148
	=	-1.39

Tantalex Lithium Resources (TSXV:TTX) 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.

Tantalex Lithium Resources Debt-to-Equity Related Terms

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

Tantalex Lithium Resources (TSXV:TTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tantalex Lithium Resources Corp (TSXV:TTX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TTLXF:USA DW8:Germany TTX:Canada

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1

Website

https://www.tantalexlithium.com

Tantalex Lithium Resources Corp is a mining exploration and development company. It is engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high?tech mineral properties in Africa. Its projects comprise Manono Tailings, Pegmatite Corridor Exploration, and Lubule Tin and Tantalum. It has one operating segment being the sector of exploration and evaluation of mineral resources.

Tantalex Lithium Resources (TSXV:TTX) Headlines

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