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Lithos Group (NEOE:LITS) Equity-to-Asset : 0.89 (As of Jul. 2024)


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What is Lithos Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lithos Group's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$21.78 Mil. Lithos Group's Total Assets for the quarter that ended in Jul. 2024 was C$24.41 Mil.

The historical rank and industry rank for Lithos Group's Equity-to-Asset or its related term are showing as below:

NEOE:LITS' s Equity-to-Asset Range Over the Past 10 Years
Min: -9.2   Med: 0.47   Max: 0.97
Current: 0.89

During the past 13 years, the highest Equity to Asset Ratio of Lithos Group was 0.97. The lowest was -9.20. And the median was 0.47.

NEOE:LITS's Equity-to-Asset is ranked better than
65.77% of 2685 companies
in the Metals & Mining industry
Industry Median: 0.78 vs NEOE:LITS: 0.89

Lithos Group Equity-to-Asset Historical Data

The historical data trend for Lithos Group's Equity-to-Asset 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.

Lithos Group Equity-to-Asset Chart

Lithos Group Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 -5.91 0.48 0.97 0.89

Lithos Group Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Equity-to-Asset 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 0.97 0.96 0.94 0.89 0.89

Competitive Comparison of Lithos Group's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Lithos Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Lithos Group's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lithos Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Lithos Group's Equity-to-Asset falls into.



Lithos Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Lithos Group's Equity to Asset Ratio for the fiscal year that ended in Apr. 2024 is calculated as

Equity to Asset (A: Apr. 2024 )=Total Stockholders Equity/Total Assets
=23.312/26.217
=

Lithos Group's Equity to Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

Equity to Asset (Q: Jul. 2024 )=Total Stockholders Equity/Total Assets
=21.777/24.413
=

* 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.


Lithos Group  (NEOE:LITS) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Lithos Group Equity-to-Asset Related Terms

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


Lithos Group Business Description

Traded in Other Exchanges
Address
1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9
Lithos Group Ltd is a company having its application of Direct Lithium Extraction technology for economical, environmentally efficient, and sustainable lithium production. The Company has developed patented oil & gas wastewater solutions technology for DLE, called AcQUA. The modular technology can convert produced brine water into completely purified desalinated irrigation water and extract pure liquid commodity chemicals.
Executives
Scott Taylor 10% Security Holder, Director, Senior Officer
Gabriel Segal Senior Officer
Judson Dean Lacapra Senior Officer

Lithos Group Headlines

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