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McFarlane Lake Mining (McFarlane Lake Mining) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2024)


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What is McFarlane Lake Mining LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. McFarlane Lake Mining's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.00.

McFarlane Lake Mining's long-term debt to total assets ratio stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00).

McFarlane Lake Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for McFarlane Lake Mining's LT-Debt-to-Total-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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McFarlane Lake Mining LT-Debt-to-Total-Asset Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
LT-Debt-to-Total-Asset
- -

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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McFarlane Lake Mining LT-Debt-to-Total-Asset Calculation

McFarlane Lake Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )/Total Assets (A: Aug. 2023 )
=0/0.293
=

McFarlane Lake Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )/Total Assets (Q: Feb. 2024 )
=0/1.503
=

* 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.

McFarlane Lake Mining  (OTCPK:MLMLF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

McFarlane Lake Mining LT-Debt-to-Total-Asset Related Terms

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McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
MLM:Canada
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
Website
https://www.mcfarlanelakemining.com
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.