Niko Resources (Niko Resources) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2018)

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What is Niko Resources 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. Niko Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2018 was 0.00.

Niko Resources's long-term debt to total assets ratio declined from Dec. 2017 (0.53) to Dec. 2018 (0.00). It may suggest that Niko Resources is progressively becoming less dependent on debt to grow their business.

Niko Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Niko Resources'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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Niko Resources LT-Debt-to-Total-Asset Chart

Niko Resources Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

LT-Debt-to-Total-Asset

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0.35

0.05

0.03

0.51

0.58

Niko Resources Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.58	0.61	-	-

Niko Resources LT-Debt-to-Total-Asset Calculation

Niko Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2018 is calculated as

LT Debt to Total Assets (A: Mar. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2018 )	/	Total Assets (A: Mar. 2018 )
	=	211.055	/	363.219
	=	0.58

Niko Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (Q: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2018 )	/	Total Assets (Q: Dec. 2018 )
	=	0	/	5.258
	=

Niko Resources (OTCPK:NKRSF) 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.

Niko Resources LT-Debt-to-Total-Asset Related Terms

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Niko Resources (Niko Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Niko Resources Ltd (OTCPK:NKRSF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 - 5th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 2V7

Website

https://www.nikoresources.com

Niko Resources Ltd is an oil and natural gas exploration and production company.

Niko Resources (Niko Resources) Headlines

From GuruFocus

Niko Reports Results for the Quarter Ended September 30, 2018

By GlobeNewswire GlobeNewswire • 11-13-2018

Niko Reports Results for the Quarter Ended December 31, 2018

By GlobeNewswire GlobeNewswire • 02-13-2019