NNDIF (Norandaome Fund) Debt-to-Asset : 0.26 (As of Sep. 2022)

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What is Norandaome Fund Debt-to-Asset?

Norandaome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.0 Mil. Norandaome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $151.9 Mil. Norandaome Fund's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was $584.5 Mil. Norandaome Fund's debt to asset for the quarter that ended in Sep. 2022 was 0.26.

Norandaome Fund Debt-to-Asset Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund Debt-to-Asset Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Asset

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0.22

0.30

0.31

0.30

0.25

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.25	0.23	0.23	0.26

Competitive Comparison of Norandaome Fund's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Norandaome Fund'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.

Norandaome Fund's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Norandaome Fund Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Norandaome Fund's Debt-to-Asset for the fiscal year that ended in Dec. 2021 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	+	141.684)	/	564.543
	=	0.25

Norandaome Fund's Debt-to-Asset for the quarter that ended in Sep. 2022 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	+	151.89)	/	584.453
	=	0.26

Norandaome Fund (OTCPK:NNDIF) 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.

Norandaome Fund Debt-to-Asset Related Terms

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Norandaome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (OTCPK:NNDIF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.