SPC Nickel (TSXV:SPC) Debt-to-Asset : 0.05 (As of Nov. 2023)

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What is SPC Nickel Debt-to-Asset?

SPC Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.03 Mil. SPC Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.05 Mil. SPC Nickel's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was C$1.69 Mil. SPC Nickel's debt to asset for the quarter that ended in Nov. 2023 was 0.05.

SPC Nickel Debt-to-Asset Historical Data

The historical data trend for SPC Nickel'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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SPC Nickel Debt-to-Asset Chart

SPC Nickel Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Asset

0.02

0.03

SPC Nickel Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Asset	Get a 7-Day Free Trial											0.03	0.03	0.05	0.03	0.05

Competitive Comparison of SPC Nickel's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, SPC Nickel'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.

SPC Nickel's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

SPC Nickel Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SPC Nickel's Debt-to-Asset for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.031	+	0.055)	/	2.725
	=	0.03

SPC Nickel's Debt-to-Asset for the quarter that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.032	+	0.047)	/	1.691
	=	0.05

SPC Nickel (TSXV:SPC) 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.

SPC Nickel Debt-to-Asset Related Terms

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SPC Nickel (TSXV:SPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SPC Nickel Corp (TSXV:SPC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SPCNF:USA

Address

9 - 1351C Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5

Website

https://www.spcnickel.com

SPC Nickel Corp is engaged in the business of exploration of nickel, copper and platinum group metal mineral projects in Ontario. Its exploration properties consist of Aer Kidd Property, Owen Nickel Property, Lockerby East Property, Janes Property and Muskok Property.