Millennial Lithium (TSXV:ML) Tangible Book per Share : C$1.14 (As of Aug. 2021)

Millennial Lithium Tangible Book per Share Chart

Millennial Lithium Annual Data
	Trend	Feb12	Feb13	Feb14	Feb15	Feb16	Feb17	Feb18	Feb19	Feb20	Feb21
Tangible Book per Share		Get a 7-Day Free Trial					0.20	0.75	0.97	0.92	1.19

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Tangible Book per Share	Get a 7-Day Free Trial															0.90	0.92	1.19	1.17	1.14

Competitive Comparison of Millennial Lithium's Tangible Book per Share

For the Other Industrial Metals & Mining subindustry, Millennial Lithium's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Millennial Lithium's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Millennial Lithium's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Millennial Lithium's Price-to-Tangible-Book falls into.

Millennial Lithium Tangible Book per Share Calculation

Millennial Lithium's Tangible Book Value Per Share for the fiscal year that ended in Feb. 2021 is calculated as

Millennial Lithium's Tangible Book Value Per Share for the quarter that ended in Aug. 2021 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Millennial Lithium  (TSXV:ML) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Millennial Lithium Tangible Book per Share Related Terms

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Millennial Lithium (TSXV:ML) Business Description