Lithium Americas (Lithium Americas) Equity-to-Asset : 0.93 (As of Dec. 2023)

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What is Lithium Americas Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lithium Americas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $407.46 Mil. Lithium Americas's Total Assets for the quarter that ended in Dec. 2023 was $439.50 Mil.

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

LAC' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.84 Med: -1.24 Max: 0.93
Current: 0.93

During the past 4 years, the highest Equity to Asset Ratio of Lithium Americas was 0.93. The lowest was -3.84. And the median was -1.24.

LAC's Equity-to-Asset is ranked better than
71.61% of 2702 companies
in the Metals & Mining industry
Industry Median: 0.8 vs LAC: 0.93

Lithium Americas Equity-to-Asset Historical Data

The historical data trend for Lithium Americas'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.

Lithium Americas Equity-to-Asset Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-3.84

-1.24

0.93

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial				-1.24	0.87	-	0.81	0.93

Competitive Comparison of Lithium Americas's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Lithium Americas'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.

Lithium Americas's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Lithium Americas 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.

Lithium Americas's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	407.462	/	439.5
	=

Lithium Americas's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	407.462	/	439.5
	=

Lithium Americas (NYSE:LAC) 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%.

Lithium Americas Equity-to-Asset Related Terms

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

Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.