Arras Minerals (TSXV:ARK) Debt-to-Asset : 0.03 (As of Jan. 2024)

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What is Arras Minerals Debt-to-Asset?

Arras Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.11 Mil. Arras Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.14 Mil. Arras Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was C$9.42 Mil. Arras Minerals's debt to asset for the quarter that ended in Jan. 2024 was 0.03.

Arras Minerals Debt-to-Asset Historical Data

The historical data trend for Arras Minerals's Debt-to-Asset 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.

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Arras Minerals Debt-to-Asset Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Debt-to-Asset

0.04

0.03

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial							0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Arras Minerals's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Arras Minerals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Arras Minerals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arras Minerals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Arras Minerals's Debt-to-Asset falls into.

Arras Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Arras Minerals's Debt-to-Asset for the fiscal year that ended in Oct. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.107	+	0.171)	/	8.803
	=	0.03

Arras Minerals's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.107	+	0.14)	/	9.423
	=	0.03

Arras Minerals (TSXV:ARK) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Arras Minerals Debt-to-Asset Related Terms

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Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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