Balance Sheet Dive: Lithium Americas Corp (NewCo) (LAC)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $2.70 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $2.65, down -1.85%. In other words, the price has decreased by -$1.85 from its previous closing price. On the day, 2.87 million shares were traded. LAC stock price reached its highest trading level at $2.74 during the session, while it also had its lowest trading level at $2.61.


Our goal is to gain a better understanding of LAC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.94 and its Current Ratio is at 6.94. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Scotiabank on March 18, 2024, Downgraded its rating to Sector Perform and sets its target price to $7 from $15 previously.

On December 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $7.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAC now has a Market Capitalization of 577368768 and an Enterprise Value of 432000640. Its current Enterprise Value per Revenue stands at 137.23 whereas that against EBITDA is -15.694.

Stock Price History:

Over the past 52 weeks, LAC has reached a high of $12.38, while it has fallen to a 52-week low of $2.51. The 50-Day Moving Average of the stock is -27.30%, while the 200-Day Moving Average is calculated to be -53.04%.

Shares Statistics:

The stock has traded on average 5.22M shares per day over the past 3-months and 4217190 shares per day over the last 10 days, according to various share statistics. A total of 217.17M shares are outstanding, with a floating share count of 185.61M. Insiders hold about 14.53% of the company’s shares, while institutions hold 11.29% stake in the company. Shares short for LAC as of 1718323200 were 20333542 with a Short Ratio of 3.90, compared to 1715731200 on 18144795. Therefore, it implies a Short% of Shares Outstanding of 20333542 and a Short% of Float of 9.43.

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