Patriot Battery Metals (ASX:PMT) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Patriot Battery 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. Patriot Battery Metals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Patriot Battery Metals's long-term debt to total assets ratio declined from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Patriot Battery Metals is progressively becoming less dependent on debt to grow their business.

Patriot Battery Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Patriot Battery 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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Patriot Battery Metals LT-Debt-to-Total-Asset Chart

Patriot Battery Metals Annual Data

Trend

Mar15

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Mar17

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Mar19

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Mar21

Mar22

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Mar24

LT-Debt-to-Total-Asset

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0.01

Patriot Battery 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															-	-	-	-	-

Patriot Battery Metals LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.241	/	279.308
	=

Patriot Battery 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 )
	=	0.317	/	334.018
	=

Patriot Battery Metals (ASX:PMT) 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.

Patriot Battery Metals LT-Debt-to-Total-Asset Related Terms

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Patriot Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (ASX:PMT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PMETF:USA R9G:Germany PMET:Canada

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on acquiring and developing mineral projects containing battery, base, and precious metals. The company's exploration assets include Corvette Property, Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; the Hidden Lake Lithium Property, and Eastmain Property among others. Geographically, the company operates in Canada and the United States.