ARIZF (Affinity Metals) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Affinity Metals 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. Affinity Metals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Affinity Metals's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.07). It may suggest that Affinity Metals is progressively becoming more dependent on debt to grow their business.

Affinity Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Affinity Metals'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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Affinity Metals LT-Debt-to-Total-Asset Chart

Affinity Metals Annual Data

Trend

Jun15

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Jun24

LT-Debt-to-Total-Asset

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0.06

Affinity Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	-	0.07

Affinity Metals LT-Debt-to-Total-Asset Calculation

Affinity Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0	/	1.53
	=

Affinity Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.105	/	1.583
	=

Affinity Metals (OTCPK:ARIZF) 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.

Affinity Metals LT-Debt-to-Total-Asset Related Terms

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Affinity Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Affinity Metals Corp (OTCPK:ARIZF) » Definitions » LT-Debt-to-Total-Asset

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AFF:Canada

Address

600-890 West Pender Street, Vancouver, BC, CAN, V6C 1J9

Website

https://www.affinitymetals.ca

Affinity Metals Corp is engaged in the acquisition, exploration of mineral properties in Canada. The projects of the company include Regal Property and Windfall North.

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