What is NOA Lithium Brines Financial Strength?
NOA Lithium Brines has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
NOA Lithium Brines did not have earnings to cover the interest expense.
As of today, NOA Lithium Brines's Altman Z-Score is 0.00.
Competitive Comparison of NOA Lithium Brines's Financial Strength
For the Other Industrial Metals & Mining subindustry, NOA Lithium Brines's Financial Strength, along with its competitors' market caps and Financial Strength 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.
NOA Lithium Brines's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, NOA Lithium Brines's Financial Strength distribution charts can be found below:
* The bar in red indicates where NOA Lithium Brines's Financial Strength falls into.
NOA Lithium Brines Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
NOA Lithium Brines's Interest Expense for the
months ended in Sep. 2024 was €-0.00 Mil. Its Operating Income for the
months ended in Sep. 2024 was €-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.00 Mil.
NOA Lithium Brines's Interest Coverage for the quarter that ended in Sep. 2024 is
| NOA Lithium Brines did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
NOA Lithium Brines's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
NOA Lithium Brines has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
NOA Lithium Brines Business Description
Traded in Other Exchanges
Address
639 - 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9
NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with important resource potential. All NOA's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near many projects and operations owned by some of the enormous players in the lithium industry. NOA has rapidly consolidated an extensive and impressive lithium brine claim portfolio, with key positions on three prospective salars (Rio Grande, Arizaro, Salinas Grandes) totaling over 120,000 hectares. The Company's recent Mineral Resource approximate for the Rio Grande Project totals 4.7 million tonnes of LCE (measured, indicated and inferred) with an average lithium concentration of 525 mg/l.
NOA Lithium Brines Headlines
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