Natural Resource Holdings (Natural Resource Holdings) LT-Debt-to-Total-Asset : 3.26 (As of Jan. 2024)

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What is Natural Resource Holdings 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. Natural Resource Holdings's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 3.26.

Natural Resource Holdings's long-term debt to total assets ratio declined from Jan. 2023 (34.50) to Jan. 2024 (3.26). It may suggest that Natural Resource Holdings is progressively becoming less dependent on debt to grow their business.

Natural Resource Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Natural Resource Holdings'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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Natural Resource Holdings LT-Debt-to-Total-Asset Chart

Natural Resource Holdings Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.06

Natural Resource Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															34.50	-	-	-	3.26

Natural Resource Holdings LT-Debt-to-Total-Asset Calculation

Natural Resource Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	0.223	/	0
	=

Natural Resource Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0.127	/	0.039
	=

Natural Resource Holdings (OTCPK:NRHI) 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.

Natural Resource Holdings LT-Debt-to-Total-Asset Related Terms

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Natural Resource Holdings (Natural Resource Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Natural Resource Holdings Inc (OTCPK:NRHI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9980 South 300 West, Suite 200, Sandy, UT, USA, 84070

Website

https://boxxyinc.net

Natural Resource Holdings Inc is currently focusing on the mining business.

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