Lithium Exploration Group (Lithium Exploration Group) Debt-to-Equity : -0.72 (As of Mar. 2018)

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What is Lithium Exploration Group Debt-to-Equity?

Lithium Exploration Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $3.34 Mil. Lithium Exploration Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $0.05 Mil. Lithium Exploration Group's Total Stockholders Equity for the quarter that ended in Mar. 2018 was $-4.72 Mil. Lithium Exploration Group's debt to equity for the quarter that ended in Mar. 2018 was -0.72.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

LEXG's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Lithium Exploration Group Debt-to-Equity Historical Data

The historical data trend for Lithium Exploration Group's Debt-to-Equity 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 Exploration Group Debt-to-Equity Chart

Lithium Exploration Group Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Debt-to-Equity

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-0.82

-0.20

-0.25

-0.29

-0.49

Lithium Exploration Group Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Debt-to-Equity	Get a 7-Day Free Trial															-0.39	-0.49	-0.53	-0.56	-0.72

Competitive Comparison of Lithium Exploration Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithium Exploration Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Exploration Group's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lithium Exploration Group's Debt-to-Equity falls into.

Lithium Exploration Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Exploration Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2017 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.841	+	0)	/	-5.799
	=	-0.49

Lithium Exploration Group's Debt to Equity Ratio for the quarter that ended in Mar. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.344	+	0.046)	/	-4.723
	=	-0.72

Lithium Exploration Group (GREY:LEXG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Lithium Exploration Group Debt-to-Equity Related Terms

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Lithium Exploration Group (Lithium Exploration Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Exploration Group Inc (GREY:LEXG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4635 South Lakeshore Drive, Suite 200, Tempe, AZ, USA, 85282

Website

http://www.lithiumexplorationgroup.com

Lithium Exploration Group Inc is a U.S.-based exploration and development company. It is focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. The company is testing its SonCav Technology for use in the oil and gas industry and the acquisition of oil and gas related assets in Western Canada and Southwest Louisiana. The SonCav technology uses a patented process to mechanically induce an ultrasonic cavitation to superheat fluid. It is focused solely on water and crude oil, but technology is expected to have many other commercial uses including mining, LNG, Ethanol, industrial and other chemical uses in the pharmaceutical industry.

Lithium Exploration Group (Lithium Exploration Group) Headlines

From GuruFocus

Lithium Exploration Group CEO Discusses Ongoing Operations in a Q4 Letter to Shareholders

By PRNewswire PRNewswire • 11-26-2018

Lithium Exploration Group Announces Closing of Oil Acquisition and Initial Revenue to the Company

By PRNewswire PRNewswire • 11-13-2018