Volt Lithium (STU:I2D) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Volt Lithium LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Volt Lithium's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Volt Lithium's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Volt Lithium is progressively becoming more dependent on debt to grow their business.

Volt Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Volt Lithium's LT-Debt-to-Total-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.

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Volt Lithium LT-Debt-to-Total-Asset Chart

Volt Lithium Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.33

0.03

Volt Lithium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	0.04	0.03	0.03

Volt Lithium LT-Debt-to-Total-Asset Calculation

Volt Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.278	/	8.066
	=

Volt Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.251	/	7.597
	=

Volt Lithium (STU:I2D) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Volt Lithium LT-Debt-to-Total-Asset Related Terms

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Volt Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Lithium Corp (STU:I2D) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

VLTLF:USA I2D:Germany VLT:Canada

Address

639-5th Avenue SW, Suite 1925, Calgary, AB, CAN, T2P 0M9

Website

https://www.voltlithium.com

Volt Lithium Corp is a lithium development, and technology company focusing to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project on the backbone of the mature and sophisticated Alberta oil industry that will allow the Company to catapult its development.

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