Nova Lithium (XCNQ:NVLI) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Nova Lithium Debt-to-Equity?

Nova Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.10 Mil. Nova Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Nova Lithium's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.33 Mil. Nova Lithium's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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

XCNQ:NVLI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.32
Current: 0.32

During the past 3 years, the highest Debt-to-Equity Ratio of Nova Lithium was 0.32. The lowest was 0.11. And the median was 0.25.

XCNQ:NVLI's Debt-to-Equity is ranked worse than
66.49% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:NVLI: 0.32

Nova Lithium Debt-to-Equity Historical Data

The historical data trend for Nova 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.

Nova Lithium Debt-to-Equity Chart

Nova Lithium Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

Nova Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.11	0.25	0.32

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

For the Other Industrial Metals & Mining subindustry, Nova 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.

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

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

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

Nova Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova 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)	/	0.502
	=	0.00

Nova Lithium's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.104	+	0)	/	0.325
	=	0.32

Nova Lithium (XCNQ:NVLI) 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.

Nova Lithium Debt-to-Equity Related Terms

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Nova Lithium (XCNQ:NVLI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NVLIF:USA

Address

1110 Hamilton Street, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

https://www.novalithiumcorp.com

Nova Lithium Corp is engaged in the exploration and evaluation of resource properties. The company is predominantly engaged in the acquisition, exploration and development of lithium brine and lithium clay properties. It holds 100% interest in Deer Musk West Project.

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