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SLIStandard Lithium Ltd.
$2.82$576M
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HomeStocksSLIBalance Sheet

Standard Lithium Ltd. (SLI) Balance Sheet

25Y historyFree accessUpdated daily

The capital structure is heavily supported by equity issuance, with total assets growing to $392.3M by 2026Q3 while retained earnings remain deeply negative at -$89.3M.

SLI Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'24Jun'24Jun'23Jun'22Jun'21Jun'20Jun'19Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'01
Total Current Assets147.22M33.29M62.05M131.8M102.29M22.89M4.47M7.19M14.65M4.2K10.25K5.22K159.88K221.05K117.5K754.44K440.96K183.5K1.98M2.23M1.95M1.27M885.23K531.79K369.91K369.91K
Cash & Short-Term Investments142.64M31.68M59.61M129.06M100.16M22.57M4.14M6.85M13.51M3.43K8.94K2.42K4.63K4.6K26.52K707.18K82.73K11.68K1.82M1.81M1.53M980.99K767.31K397.92K344.91K344.91K
Cash Only142.64M31.68M59.61M129.06M100.16M22.57M4.14M6.85M13.51M3.43K8.94K2.42K4.63K4.6K26.52K707.18K82.73K11.68K1.82M1.81M1.53M980.99K767.31K397.92K344.91K344.91K
Short-Term Investments0000000000000000001.01M0000000
Accounts Receivable01.27M1.15M353.15K880.85K112.42K44.91K41.29K07641.13K203152.11K1.91K73.72K47.25K114.14K165.19K168.72K155.3K162.91K288.37K117.91K133.87K59.6K0
Days Sales Outstanding-------------5.71220.6534.9540.13109.59106.0997.6696.88174.41137.84156.481.71K-
Inventory00-500.15K0000000-766000000000000000
Days Inventory Outstanding--------------------------
Other Current Assets4.58M335.8K-65.74K416.85K000-6.82K105.44K094900211.41K00205.5K0000000-59.6K0
Total Non-Current Assets245.03M226.06M111.45M51.84M40.23M36.86M53.29M37.2M16.27M000018.49K13.5K72.05K1.16M1.77M454.32K199.61K312.53K415.6K602.43K777.45K00
Property, Plant & Equipment1.19M2.11M48.13M103.95M36.5M35.43M51.33M35.2M16.19M3.99M00018.49K13.5K35.62K1.12M1.62M188.91K199.61K312.53K415.6K538.13K777.45K778.44K0
Fixed Asset Turnover0.00x------------6.60x9.03x13.86x0.93x0.34x3.07x2.91x1.96x1.45x0.58x0.40x0.02x-
Goodwill00363.57K00000000000000000000000
Intangible Assets938.08K942.44K983.43K1.43M1.16M1.36M1.88M1.91M000000000000000000
Long-Term Investments897.9M196.51M196.19M3.31M2.5M0082K0542.45K0000036.44K36.44K142.1K262.08K0000000
Other Non-Current Assets52.17K26.49M-134.22M-59.52M72.17K62.63K85.39K82K82.51K-4.53M000000003.33K00000-778.44K0
Total Assets392.25M259.34M173.5M183.65M142.52M59.74M57.76M44.39M30.92M4.2K10.25K5.22K159.88K159.05K131K826.49K1.6M1.95M2.44M2.43M2.26M1.68M1.49M1.31M369.91K369.91K
Asset Turnover0.00x------------0.77x0.93x0.60x0.65x0.28x0.24x0.24x0.27x0.36x0.21x0.24x0.03x0.03x
Asset Growth %46.58%49.48%-5.53%28.85%138.56%3.43%30.12%43.57%736630.59%-59.07%96.47%-96.74%0.52%21.42%-84.15%-48.27%-18.01%-20.08%0.48%7.19%34.36%13.26%13.63%253.94%--
Total Current Liabilities7.3M5.77M13.25M6.78M5.26M1.94M7.07M5.62M683.41K444.02K327.5K403.77K174.03K149.65K78.45K395.7K49.27K109.02K440.18K255.89K162.28K40.25K19.43K16.66K32.93K32.93K
Accounts Payable008.21M5.52M006.87M5.45M530.85K404.02K56.96K73.9K137.9K137.18K77.55K51.29K49.27K32.44K19.2K011217.45K19.43K16.66K32.93K32.93K
Days Payables Outstanding--186.78171--16.81K34.88K-----1.98K1.12K45.370.446.35109.36-0.92145.14214.26183.76--
Short-Term Debt173.57K270.84K0000000250K216.57K216.57K5.03K5K000000000000
Deferred Revenue (Current)0000000000-4.49K0-12.81K0000000000000
Other Current Liabilities7.13M5.5M-2.81M1.08M5.12M1.94M200.81K161.84K152.56K-210K58.45K33.06K43.02K6.57K00074.21K420.97K255.89K162.16K22.8K0000
Current Ratio20.17x5.77x4.68x19.44x19.44x11.78x0.63x1.28x21.43x0.01x0.03x0.01x0.92x1.48x1.50x1.91x8.95x1.68x4.51x8.70x12.02x31.54x45.57x31.92x11.23x11.23x
Quick Ratio20.17x5.77x4.72x19.44x19.44x11.78x0.63x1.28x21.43x0.01x0.03x0.01x0.92x1.48x1.50x1.91x8.95x1.68x4.51x8.70x12.02x31.54x45.57x31.92x11.23x11.23x
Cash Conversion Cycle--------------------------
Total Non-Current Liabilities21.24M25.65M872K337K261.54K99.96K5.09M398.45K0693.17K103K327.5K310.45K7.89K7.46K5.74K24.4K24.45K4.47K4.28K3.91K19.34K11.15K21.81K23.77K32.93K
Long-Term Debt0000004.96M398.45K0693.17K0000000000000000
Capital Lease Obligations403.06K205.88K739K208K161.42K000000000000000000000
Deferred Tax Liabilities90.23M24.87M000000000000000000000000
Other Non-Current Liabilities604.98K571.66K133K129K100.11K99.96K136.28K0000007.89K7.46K5.74K24.4K24.45K4.47K4.28K3.91K00000
Total Liabilities28.54M31.42M14.12M7.12M5.52M2.04M12.17M6.01M683.41K1.14M327.5K327.5K174.03K173.14K85.91K401.43K73.67K133.47K444.64K260.17K166.19K40.25K19.43K16.66K32.93K32.93K
Total Debt212.7K476.71K1.25M390K302.67K04.96M398.45K0250K216.57K216.57K5.03K5K09.8B006B0000000
Net Debt-142.43M-31.2M-58.36M-128.68M-99.86M-22.57M814.01K-6.45M-13.51M406.97K207.64K214.16K399397-26.52K9.8B-82.73K-11.68K6B-1.81M-1.53M-980.99K-767.31K-397.92K-344.91K-344.91K
Debt / Equity0.00x0.00x0.01x0.00x0.00x-0.11x0.01x-------58331.60x--3009.53x-------
Debt / EBITDA0.01x------0.05x----------19921.05x-------
Net Debt / EBITDA-5.47x-------0.76x---------0.19x-0.08x19915.02x-4.94x-5.74x-51.40x-1.99x---
Interest Coverage-1976.15x-432.67x-1060.26x-854.76x-1378.13x-57.86x-183.34x-15727.68x-16.10x-1.04x-2.86x-5.84x-4.32x-3.11x-7.67x-6.35x3.99x---------
Total Equity363.71M227.92M159.38M176.53M137M57.7M45.6M38.38M30.24M-453.26K-453.26K-317.25K-35.44K-14.08K45.09K168K1.52M1.82M1.99M2.17M2.1M1.64M1.47M1.29M336.98K336.98K
Equity Growth %56.31%43.01%-9.72%28.85%137.44%26.54%18.81%26.92%6771%0%-42.87%-795.29%-151.63%-131.23%-73.16%-88.98%-16.03%-8.95%-7.97%3.28%27.54%12.02%13.59%283.58%--
Book Value per Share1.501.230.891.050.880.480.510.490.57-0.06-0.20-0.15-0.02-0.010.030.121.101.311.441.571.521.201.121.200.520.52
Total Shareholders' Equity363.71M227.92M159.38M176.53M137M57.7M45.6M38.38M30.24M-453.26K-453.26K-317.25K-35.44K-14.08K45.09K168K1.52M1.82M1.99M2.17M2.1M1.64M1.47M1.29M336.98K336.98K
Common Stock421.04M235.64M272.42M262.05M203.37M99.2M70.99M57.88M45.19M591.84K591.84K591.84K525.17K462.67K000000000000
Retained Earnings-89.28M-37.83M-148.71M-106.72M-82.82M-55.34M-43.18M-33.66M-25.08M-1.07M-1.07M-1M-654.59K-563.02K-460.92K105.22K9.18K300.24K478.73K651.5K582.71K129.77K-14.41K-113.56K-263.16K-263.16K
Treasury Stock00000000000000000000000000
Accumulated OCI31.95M30.11M35.66M21.2M16.45M13.84M17.79M13.68M10.13M25.55K25.55K93.98K93.98K86.27K43.34K0-141M-127M-70M0000000
Minority Interest00000000000000000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Capital intensive project execution

Capital Base Expansion Amidst Uncertainty

As reported in financial statements, total assets grew from $125.7M in 2024Q1 to $392.3M by 2026Q3, reflecting a significant accumulation of capital intended to fund development, though this trajectory remains heavily dependent on external financing rather than internal value creation.

The expansion of the asset base appears to be driven by capital raises rather than operational success, as the company remains pre-revenue. Investors should monitor whether this asset growth translates into tangible project milestones or if it merely reflects the ongoing capitalization of development costs that may face impairment risk.

Cash Runway Dictates Strategic Urgency

Based on recent SEC filings, the company's cash position surged to $142.6M in 2026Q3, providing a temporary liquidity buffer that significantly improves the current ratio to 20.17, yet this liquidity remains highly sensitive to the high burn rates inherent in pilot-scale lithium extraction.

While the current liquidity position appears robust compared to historical lows, the lack of operational cash flow suggests this capital is a finite resource for reaching a final investment decision. The dramatic improvement in the current ratio may be misleading if the company does not secure long-term project financing before these reserves are exhausted.

Asset Composition Lacks Operational Depth

According to the provided balance sheet data, net PPE has declined from $93.3M in 2024Q1 to $1.2M in 2026Q3, indicating a shift away from physical infrastructure ownership toward a model that relies heavily on intangible assets and capitalized exploration costs.

The sharp reduction in net PPE warrants further investigation, as it may suggest a pivot in strategy or the disposal of pilot-scale assets that are no longer central to the commercialization plan. This asset-light profile increases the reliance on proprietary technology, which carries significant execution risk if the DLE process fails to scale.

Capitalization Risks Obscure True Value

As evidenced by the historical balance sheet, the accumulation of $363.7M in equity against persistent negative retained earnings of $89.3M suggests that the company's book value is heavily supported by equity issuance rather than retained profits from operations.

The reliance on equity financing to sustain the balance sheet creates a persistent dilution risk for existing shareholders. Analysts should be wary that the book value may not reflect the economic reality of the project's viability, especially if the cost of capital continues to rise and impacts the net present value of future lithium production.

SLI — Frequently Asked Questions

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

What are the total assets of Standard Lithium Ltd. (SLI)?

As of 2025, Standard Lithium Ltd. (SLI) had total assets of $259.3M including $33.3M in current assets.

How much debt does Standard Lithium Ltd. (SLI) have?

Standard Lithium Ltd. (SLI) carries total debt of $0.5M, offset by $31.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Standard Lithium Ltd.?

Standard Lithium Ltd. (SLI) has total shareholders' equity (book value) of $227.9M ($1.23 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Standard Lithium Ltd.'s current ratio and liquidity?

Standard Lithium Ltd. (SLI) reported a current ratio of 5.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.