LANRF (Lancaster resources) Debt-to-Asset : 2.27 (As of Dec. 2024)

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What is Lancaster resources Debt-to-Asset?

Lancaster resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.82 Mil. Lancaster resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. Lancaster resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $0.36 Mil. Lancaster resources's debt to asset for the quarter that ended in Dec. 2024 was 2.27.

Lancaster resources Debt-to-Asset Historical Data

The historical data trend for Lancaster resources'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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Lancaster resources Debt-to-Asset Chart

Lancaster resources Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Mar23

Mar24

Debt-to-Asset

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3.29

0.34

6.55

1.44

Lancaster resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															1.21	1.44	1.71	2.11	2.27

Competitive Comparison of Lancaster resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Lancaster resources'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.

Lancaster resources's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

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Lancaster resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lancaster resources's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(0.766	+	0)	/	0.531
	=	1.44

Lancaster resources's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0.821	+	0)	/	0.362
	=	2.27

Lancaster resources (OTCPK:LANRF) 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.

Lancaster resources Debt-to-Asset Related Terms

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Lancaster resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lancaster resources Inc (OTCPK:LANRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

6UF0:Germany LCR:Canada

Address

2569 Marine Drive, Vancouver, BC, CAN, V7V 1L5

Website

https://www.lancaster-resources.com

Lancaster resources Inc is engaged in exploring energy transition metals, particularly lithium, to take advantage of the shifts toward decarbonization and electrification. Its goal is to identify, acquire, explore, and develop high-quality mineral-rich properties, integrating sustainable energy sources and technologies for climate-positive resource production. The company holds exclusive rights to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, USA.