How much debt does Piedmont Lithium have?

According to Piedmont Lithium's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Piedmont Lithium's total debt stands at $1.89M. This is broken down into:

• Long-term debt: $1.34M
• Short-term debt: $549.65K

The company's net debt, which accounts for cash and cash equivalents, is $-97.36M. In terms of overall financial obligations, Piedmont Lithium's total liabilities amount to $17.63M.

Debt Ratios and Metrics

To better understand Piedmont Lithium's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.01 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 0.66% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -345.48 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 0.49% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 0.69% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Piedmont Lithium's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.