Northern Lights Resources (XCNQ:NLR) Debt-to-Asset : 0.17 (As of Oct. 2024)

Northern Lights Resources Debt-to-Asset Chart

Northern Lights Resources Annual Data
	Trend	Apr12	Apr13	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23	Apr24
Debt-to-Asset		Get a 7-Day Free Trial					0.03	-	0.29	0.27	0.15

Northern Lights Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Asset	Get a 7-Day Free Trial															0.18	0.12	0.15	0.17	0.17

Competitive Comparison of Northern Lights Resources's Debt-to-Asset

For the Gold subindustry, Northern Lights 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.

Northern Lights Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Northern Lights Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Northern Lights Resources's Debt-to-Asset for the fiscal year that ended in Apr. 2024 is calculated as

Northern Lights Resources's Debt-to-Asset for the quarter that ended in Oct. 2024 is calculated as

* 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.

Northern Lights Resources  (XCNQ:NLR) 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.

Northern Lights Resources Debt-to-Asset Related Terms

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Northern Lights Resources Business Description