Avanti Helium (Avanti Helium) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Avanti Helium 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. Avanti Helium's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Avanti Helium's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.01). It may suggest that Avanti Helium is progressively becoming more dependent on debt to grow their business.

Avanti Helium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avanti Helium'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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Avanti Helium LT-Debt-to-Total-Asset Chart

Avanti Helium Annual Data

Trend

Dec13

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Dec22

LT-Debt-to-Total-Asset

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Avanti Helium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.01

Avanti Helium LT-Debt-to-Total-Asset Calculation

Avanti Helium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0	/	22.337
	=

Avanti Helium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.112	/	23.912
	=

Avanti Helium (OTCPK:ARGYF) 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.

Avanti Helium LT-Debt-to-Total-Asset Related Terms

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Avanti Helium (Avanti Helium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avanti Helium Corp (OTCPK:ARGYF) » Definitions » LT-Debt-to-Total-Asset

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AVN:Canada

Address

208A - 980 West 1st Street, North Vancouver, BC, CAN, V7P 3N4

Website

https://www.avantihelium.com

Avanti Helium Corp is principally focused on the exploration, development, and production of helium across Western Canada and the United States.

Avanti Helium (Avanti Helium) Headlines

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