ARLYF (Argyle Resources) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2024)

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What is Argyle Resources 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. Argyle Resources's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.00.

Argyle Resources's long-term debt to total assets ratio stayed the same from May. 2023 (0.00) to Aug. 2024 (0.00).

Argyle Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Argyle Resources'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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Argyle Resources LT-Debt-to-Total-Asset Chart

Argyle Resources Annual Data

Trend

Feb24

LT-Debt-to-Total-Asset

Argyle Resources Quarterly Data
	May23	Aug23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	-	-	-	-	-

Argyle Resources LT-Debt-to-Total-Asset Calculation

Argyle Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	0	/	0.408
	=

Argyle Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0	/	1.384
	=

Argyle Resources (OTCPK:ARLYF) 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.

Argyle Resources LT-Debt-to-Total-Asset Related Terms

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Argyle Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ME0:Germany ARGL:Canada

Address

C/o Michael Yeung, 700 2 Street SW, 19th Floor, Calgary, AB, CAN, T2P 2Y9

Website

https://www.argyleresourcescorp.com

Argyle Resources Corp is a company that acquires, explores, stakes and evaluates natural resource properties in North America. The company owns interest in the Wintering Lithium Property and the Frenchvale Graphite Property in Canada.