Volt Lithium (Volt Lithium) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Volt Lithium Debt-to-Equity?

Volt Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil. Volt Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.35 Mil. Volt Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.00 Mil. Volt Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

VLTLF' s Debt-to-Equity Range Over the Past 10 Years
Min: -20.64 Med: -0.63 Max: 6.15
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Volt Lithium was 6.15. The lowest was -20.64. And the median was -0.63.

VLTLF's Debt-to-Equity is ranked better than
66.54% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs VLTLF: 0.05

Volt Lithium Debt-to-Equity Historical Data

The historical data trend for Volt 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.

* Premium members only.

Volt Lithium Debt-to-Equity Chart

Volt Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

-0.82

-0.76

6.16

Volt Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.05

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

For the Other Industrial Metals & Mining subindustry, Volt 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.

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

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

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

Volt Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volt Lithium's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	6.745
	=	0.00

Volt Lithium's Debt to Equity Ratio for the quarter 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
	=	(0.078	+	0.347)	/	8.998
	=	0.05

Volt Lithium (OTCPK:VLTLF) 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.

Volt Lithium Debt-to-Equity Related Terms

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Volt Lithium (Volt Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Lithium Corp (OTCPK:VLTLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

I2D:Germany VLT:Canada

Address

639-5th Avenue SW, Suite 1925, Calgary, AB, CAN, T2P 0M9

Website

https://www.voltlithium.com

Volt Lithium Corp is a lithium development and technology company aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project on the backbone of the mature and sophisticated Alberta oil industry that will allow the Company to catapult its development.