Canadian Metals (Canadian Metals) Debt-to-Asset

: 0.08 (As of Jan. 2024)

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Canadian Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.16 Mil. Canadian Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.61 Mil. Canadian Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was $9.69 Mil. Canadian Metals's debt to asset for the quarter that ended in Jan. 2024 was 0.08.

Canadian Metals Debt-to-Asset Historical Data

The historical data trend for Canadian 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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Canadian Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Asset

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0.22

0.26

0.08

0.09

0.07

Canadian Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.08	0.08

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Canadian 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.

Canadian Metals Debt-to-Asset Distribution

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

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

Canadian Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canadian Metals's Debt-to-Asset for the fiscal year that ended in Jul. 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
	=	(0.159	+	0.593)	/	10.149
	=	0.07

Canadian Metals's Debt-to-Asset for the quarter that ended in Jan. 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
	=	(0.159	+	0.614)	/	9.689
	=	0.08

Canadian Metals (OTCPK:CNMTD) 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.

Canadian Metals Debt-to-Asset Related Terms

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Canadian Metals (Canadian Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Metals Inc (OTCPK:CNMTD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CME:Canada

Address

1000 Sherbrooke Street West, Suite 2700, Montrea, QC, CAN, H3A3G4

Website

https://www.canadian-metals.com

Canadian Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties in Quebec and New Brunswick. It is committed to the discovery and aggressive exploration of gold and base metal assets. Some of its properties include Lac La Chesnaye Property, Nicholas Deny's Project, Goldstrike Property, Oxford Property, Mountain Brook Property, and others.

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