True North Copper (ASX:TNC) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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

True North Copper's long-term debt to total assets ratio declined from Dec. 2023 (0.00) to Dec. 2024 (0.00). It may suggest that True North Copper is progressively becoming less dependent on debt to grow their business.

True North Copper LT-Debt-to-Total-Asset Historical Data

The historical data trend for True North Copper'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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True North Copper LT-Debt-to-Total-Asset Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.18

True North Copper Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	-	-	0.18	-

True North Copper LT-Debt-to-Total-Asset Calculation

True North Copper'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 )
	=	20.268	/	111.694
	=	0.18

True North Copper'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	/	101.09
	=	0.00

True North Copper (ASX:TNC) 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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True North Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects in Cloncurry and Mt Oxide. It has only one reportable segment: exploration, development, and operations for minerals.