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LITMSnow Lake Resources Ltd.
$2.02$10M
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  3. LITM
  4. Financial Ratios

Snow Lake Resources Ltd. (LITM) Financial Ratios

Latest Ratios: P/E Ratio -0.9x · EV/EBITDA N/A · ROE -31.0%. (2019–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

LITM Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Market Cap$10M$18M$187M$532M$496M———
Enterprise Value$-3021890$5M$185M$528M$472M———
P/E Ratio →-0.88———————
P/S Ratio————————
P/B Ratio0.210.377.3523.6514.03———
P/FCF————————
P/OCF————————

P/E links to full P/E history page with 30-year chart

LITM EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
EV / Revenue————————
EV / EBITDA————————
EV / EBIT————————
EV / FCF————————

LITM Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Gross Margin————————
Operating Margin————————
Net Profit Margin————————

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
ROE-31.0%-31.0%-28.5%-53.2%-47.1%-11.1%-3.4%-28.3%
ROA-26.3%-26.3%-24.3%-48.4%-43.7%-9.5%-3.2%-26.2%
ROIC-24.2%-24.2%-20.2%-78.8%-94.5%-6.0%-3.5%-22.9%
ROCE-23.5%-23.5%-21.9%-54.6%-52.9%-8.4%-4.5%-28.3%

LITM Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Debt / Equity——0.000.000.010.140.040.04
Debt / EBITDA————————
Net Debt / Equity—-0.27-0.10-0.17-0.670.070.01-0.07
Net Debt / EBITDA————————
Debt / FCF————————
Interest Coverage-1268.37-1268.37-1012.62-1037.71-59.81-2.94-90.30-493.86

Net cash position: cash ($13M) exceeds total debt ($0)

LITM Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Current Ratio3.193.191.691.6114.050.290.451.50
Quick Ratio3.193.191.691.6114.050.290.451.46
Cash Ratio2.782.781.301.2513.360.230.421.40
Asset Turnover————————
Inventory Turnover————————
Days Sales Outstanding————————

LITM Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Dividend Yield————————
Payout Ratio————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Earnings Yield————————
FCF Yield————————
Buyback Yield1.4%0.8%0.3%0.0%0.0%———
Total Shareholder Yield1.4%0.8%0.3%0.0%0.0%———
Shares Outstanding—$5M$20M$18M$16M$13M$13M$13M

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Capital Dilution and Liquidity

Speculative Valuation Amidst Resource Uncertainty

According to recent financial data, the company trades at a price-to-book ratio of 0.21, which suggests that the market is heavily discounting the carrying value of its exploration assets relative to its peers in the junior lithium mining sector.

The low P/B ratio indicates that investors are skeptical of the current book value of the Thompson Brothers property, likely reflecting the high risk associated with pre-revenue exploration projects. This valuation level suggests that the market is pricing in significant future dilution or a potential impairment of assets rather than immediate commercial potential.

Negative Returns Reflecting Exploration Phase

As reported in financial statements, the company's ROIC has remained consistently negative, reaching -9.7% in 2025Q2, which underscores the inherent difficulty of generating returns on invested capital while the firm remains in the non-revenue-generating exploration and evaluation stage of its lifecycle.

The persistent negative ROIC is a structural reality for a company that has yet to achieve commercial production. Investors should monitor whether future capital allocation toward drilling and metallurgical testing can eventually lead to a positive return profile, though current trends suggest a continued reliance on external funding.

Liquidity Buffer Facing Persistent Erosion

Based on the company's reported figures, the current ratio of 2.69 in 2025Q2 provides a temporary liquidity cushion, yet this metric is misleading as it does not account for the ongoing cash burn required to sustain exploration activities without any incoming revenue streams.

While the current ratio appears healthy compared to historical levels, the lack of operational cash flow means that liquidity is entirely dependent on the company's ability to raise additional equity. This reliance on external capital markets warrants further investigation into the company's runway and potential for future shareholder dilution.

Misapplication of Traditional Liquidity Ratios

As indicated by recent SEC filings, the current ratio is the most commonly misapplied metric for this business model, as it obscures the reality that the company's assets are largely illiquid exploration properties rather than working capital that can be easily converted to cash.

Using standard liquidity ratios for a pre-revenue explorer ignores the fact that the company cannot liquidate its primary assets to meet short-term obligations. Analysts should instead focus on the 'burn rate' and the 'months of cash remaining' to better assess the company's true financial viability and risk of insolvency.

Download Financial Ratios Data

Includes 30+ ratios · 7 years · Updated daily

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LITM — Frequently Asked Questions

Quick answers to the most common questions about buying LITM stock.

What is Snow Lake Resources Ltd.'s P/E ratio?

Snow Lake Resources Ltd.'s current P/E ratio is -0.9x. This places it at the 50th percentile of its historical range.

What is Snow Lake Resources Ltd.'s ROE?

Snow Lake Resources Ltd.'s return on equity (ROE) is -31.0%. The historical average is -29.0%.

Is LITM stock overvalued?

Based on historical data, Snow Lake Resources Ltd. is trading at a P/E of -0.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.