Rock Tech Lithium (TSXV:RCK) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Rock Tech Lithium 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. Rock Tech Lithium's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Rock Tech Lithium's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.01) to Mar. 2024 (0.01).

Rock Tech Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rock Tech Lithium'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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Rock Tech Lithium LT-Debt-to-Total-Asset Chart

Rock Tech Lithium Annual Data

Trend

Dec13

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Dec22

LT-Debt-to-Total-Asset

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0.01

Rock Tech Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Rock Tech Lithium LT-Debt-to-Total-Asset Calculation

Rock Tech Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.747	/	64.967
	=

Rock Tech Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.479	/	42.754
	=

Rock Tech Lithium (TSXV:RCK) 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.

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Rock Tech Lithium (TSXV:RCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rock Tech Lithium Inc (TSXV:RCK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RCKTF:USA RJIB:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.rocktechlithium.com

Rock Tech Lithium Inc is a Canada-based mineral exploration company. It focuses on acquiring and exploring properties in the field of lithium and other selected battery metals. The company holds a 100% interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. The company operates in two geographical segments namely; Canada and Germany.

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