AMRQF (Amaroq Minerals) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Amaroq Minerals LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Amaroq Minerals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Amaroq Minerals's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that Amaroq Minerals is progressively becoming less dependent on debt to grow their business.

Amaroq Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Amaroq Minerals's LT-Debt-to-Total-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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Amaroq Minerals LT-Debt-to-Total-Asset Chart

Amaroq Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Amaroq Minerals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	-	-

Amaroq Minerals LT-Debt-to-Total-Asset Calculation

Amaroq Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.43	/	79.72
	=

Amaroq Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.476	/	129.844
	=

Amaroq Minerals (OTCPK:AMRQF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Amaroq Minerals LT-Debt-to-Total-Asset Related Terms

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Amaroq Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amaroq Minerals Ltd (OTCPK:AMRQF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AMRQ:Iceland AMRQ:UK 72Q:Germany AMRQ:Canada

Address

3400 One First Canadian Place, PO Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.amaroqminerals.com

Amaroq Minerals Ltd Is an exploration company with a focus on locating high-grade gold deposits in Greenland. The company owns seven licenses in South Greenland covering an area of 4,090 km, which are highly prospective for gold and other strategic minerals.