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Atlantic Lithium (XGHA:ALLGH) Debt-to-Equity : 0.02 (As of Jun. 2024)


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What is Atlantic Lithium Debt-to-Equity?

Atlantic Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was GHS0.00 Mil. Atlantic Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was GHS5.95 Mil. Atlantic Lithium's Total Stockholders Equity for the quarter that ended in Jun. 2024 was GHS345.09 Mil. Atlantic Lithium's debt to equity for the quarter that ended in Jun. 2024 was 0.02.

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

XGHA:ALLGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.02   Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Atlantic Lithium was 0.02. The lowest was 0.02. And the median was 0.02.

XGHA:ALLGH's Debt-to-Equity is ranked better than
84.04% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XGHA:ALLGH: 0.02

Atlantic Lithium Debt-to-Equity Historical Data

The historical data trend for Atlantic 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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Atlantic Lithium Debt-to-Equity Chart

Atlantic Lithium Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.02

Atlantic Lithium Quarterly Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.02 0.02

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

For the Other Industrial Metals & Mining subindustry, Atlantic 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.


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

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

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



Atlantic Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic Lithium's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Atlantic Lithium's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Atlantic Lithium  (XGHA:ALLGH) 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.


Atlantic Lithium Debt-to-Equity Related Terms

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


Atlantic Lithium Business Description

Comparable Companies
Traded in Other Exchanges
Address
123 Pitt Street, Level 17, Angel Place, Sydney, NSW, AUS, 2000
Atlantic Lithium Ltd is an Australia-based lithium exploration and development company. It owns an extensive portfolio of exploration and development assets providing exploration upside across both Ghana and Cote d'Ivoire.

Atlantic Lithium Headlines

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