Xcite Resources (XCNQ:XRI) Debt-to-Asset : 0.04 (As of Jan. 2025)

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What is Xcite Resources Debt-to-Asset?

Xcite Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$0.02 Mil. Xcite Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$0.00 Mil. Xcite Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2025 was C$0.61 Mil. Xcite Resources's debt to asset for the quarter that ended in Jan. 2025 was 0.04.

Xcite Resources Debt-to-Asset Historical Data

The historical data trend for Xcite 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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Xcite Resources Debt-to-Asset Chart

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Oct24

Debt-to-Asset

0.08

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Debt-to-Asset	Get a 7-Day Free Trial											0.06	0.06	0.05	0.08	0.04

Competitive Comparison of Xcite Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Xcite 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.

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

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

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

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Xcite Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Xcite Resources's Debt-to-Asset for the fiscal year that ended in Oct. 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
	=	(0.03	+	0)	/	0.385
	=	0.08

Xcite Resources's Debt-to-Asset for the quarter that ended in Jan. 2025 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.024	+	0)	/	0.612
	=	0.04

Xcite Resources (XCNQ:XRI) 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.

Xcite Resources Debt-to-Asset Related Terms

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Xcite Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xcite Resources Inc (XCNQ:XRI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1040 West Georgia Street, Suite 1170, Vancouver, BC, CAN, V6E 4H1

Website

https://www.xciteresources.com

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, in the Province of Quebec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada. Its project portfolio includes Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty projects.

Executives

Carl Desjardins	10% Security Holder
Etienne Gouin-proulx	Director
Jean-francois Meilleur	10% Security Holder, Director, Senior Officer

Xcite Resources Headlines

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