Voltage Metals (XCNQ:VOLT) Debt-to-Asset : 1.14 (As of Mar. 2024)

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What is Voltage Metals Debt-to-Asset?

Voltage Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.90 Mil. Voltage Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Voltage Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$0.79 Mil. Voltage Metals's debt to asset for the quarter that ended in Mar. 2024 was 1.14.

Voltage Metals Debt-to-Asset Historical Data

The historical data trend for Voltage Metals'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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Voltage Metals Debt-to-Asset Chart

Voltage Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.74

0.63

Voltage Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial														0.39	0.59	0.61	0.63	1.14

Competitive Comparison of Voltage Metals's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Voltage Metals'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.

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

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

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

Voltage Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Voltage Metals's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.381	+	0)	/	0.607
	=	0.63

Voltage Metals's Debt-to-Asset for the quarter 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
	=	(0.903	+	0)	/	0.792
	=	1.14

Voltage Metals (XCNQ:VOLT) 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.

Voltage Metals Debt-to-Asset Related Terms

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Voltage Metals (XCNQ:VOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Voltage Metals Corp (XCNQ:VOLT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VLTMF:USA 8L10:Germany

Address

5000 Yonge Street, Suite 1901, Toronto, ON, CAN, M2N 7E9

Website

https://www.voltagemetals.com

Voltage Metals Corp is an exploration company focused on advancing battery metals projects. It is a producer of nickel, copper, cobalt and PGE's. The principal business carried on by the company include the acquisition, exploration and development of its St. Laurent project, Wheeler project, Skyfire project, etc.