Nordic Resources (ASX:NNL) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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

Nordic Resources's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.00). It may suggest that Nordic Resources is progressively becoming more dependent on debt to grow their business.

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

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

Nordic Resources Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.01

Nordic Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	0.01	-

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

Nordic Resources'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 )
	=	0.084	/	12.272
	=

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.044	/	13.106
	=

Nordic Resources (ASX:NNL) 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.

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Nordic Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Resources Ltd (ASX:NNL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000

Website

https://www.nordicnickel.com

Nordic Resources Ltd is engaged in nickel pig iron and nickel ore production. Its projects include the Pulju Nickel Project and the Maaninkijoki 3 (MJ3) Nickel Project.

Nordic Resources Headlines

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