High Tide Resources (XCNQ:HTRC) Debt-to-Asset : 3.77 (As of Dec. 2024)

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What is High Tide Resources Debt-to-Asset?

High Tide Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.13 Mil. High Tide Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil. High Tide Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was C$0.03 Mil. High Tide Resources's debt to asset for the quarter that ended in Dec. 2024 was 3.76.

High Tide Resources Debt-to-Asset Historical Data

The historical data trend for High Tide 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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High Tide Resources Debt-to-Asset Chart

High Tide Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

High Tide Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial											-	-	-	-	3.77

Competitive Comparison of High Tide Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, High Tide 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.

High Tide Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where High Tide Resources's Debt-to-Asset falls into.

High Tide Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

High Tide Resources's Debt-to-Asset for the fiscal year that ended in Jun. 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	+	0)	/	0.088
	=	0.00

High Tide 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
	=	(0.128	+	0)	/	0.034
	=	3.76

High Tide Resources (XCNQ:HTRC) 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.

High Tide Resources Debt-to-Asset Related Terms

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High Tide Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High Tide Resources Corp (XCNQ:HTRC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite No. 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.hightideresources.com

High Tide Resources Corp is engaged in acquiring and exploring iron ore and electric vehicle (EV) battery metal projects. The company owns interest in the following projects; Labrador West Iron Project located adjacent to the Carol Lake Mine in Labrador City, NF and the Lac Pegma copper-nickel-cobalt deposit located approximately 50 kilometres southeast of Fermont. It operates in a single reportable operating segment, namely the acquisition, exploration and development of mineral exploration projects.

Executives

Michael T. Zurowski

Senior Officer

High Tide Resources Headlines

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