ACME Lithium (XCNQ:ACME) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is ACME Lithium Debt-to-Equity?

ACME Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. ACME Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.13 Mil. ACME Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$12.16 Mil. ACME Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

XCNQ:ACME' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.91 Med: -0.4 Max: 0.01
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of ACME Lithium was 0.01. The lowest was -0.91. And the median was -0.40.

XCNQ:ACME's Debt-to-Equity is ranked better than
99.92% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:ACME: 0.01

ACME Lithium Debt-to-Equity Historical Data

The historical data trend for ACME 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.

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ACME Lithium Debt-to-Equity Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-0.49

-0.39

0.01

ACME Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

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

For the Other Industrial Metals & Mining subindustry, ACME 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.

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

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

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

ACME Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ACME Lithium's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.028	+	0.138)	/	12.356
	=	0.01

ACME 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
	=	(0.029	+	0.13)	/	12.163
	=	0.01

ACME Lithium (XCNQ:ACME) 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.

ACME Lithium Debt-to-Equity Related Terms

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ACME Lithium (XCNQ:ACME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (XCNQ:ACME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACLHF:USA

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

Executives

Vivian Andrea Katsuris

Director

ACME Lithium (XCNQ:ACME) Headlines

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