Alderon Iron Ore (Alderon Iron Ore) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2019)

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What is Alderon Iron Ore 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. Alderon Iron Ore's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.00.

Alderon Iron Ore's long-term debt to total assets ratio declined from Sep. 2018 (0.13) to Sep. 2019 (0.00). It may suggest that Alderon Iron Ore is progressively becoming less dependent on debt to grow their business.

Alderon Iron Ore LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alderon Iron Ore'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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Alderon Iron Ore LT-Debt-to-Total-Asset Chart

Alderon Iron Ore Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.07

0.08

Alderon Iron Ore Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	-	-	-	-

Alderon Iron Ore LT-Debt-to-Total-Asset Calculation

Alderon Iron Ore's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0	/	91.043
	=

Alderon Iron Ore's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	0.04	/	89.654
	=

Alderon Iron Ore (OTCPK:AXXDF) 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.

Alderon Iron Ore LT-Debt-to-Total-Asset Related Terms

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Alderon Iron Ore (Alderon Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alderon Iron Ore Corp (OTCPK:AXXDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1140 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6E 4G1

Website

https://www.alderonironore.com

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.

Alderon Iron Ore (Alderon Iron Ore) Headlines

From GuruFocus

Alderon Announces Results of its Updated Feasibility Study Demonstrating US$1.7 Billion NPV at 8% discount rate and 24.6% IRR (Pre-Tax) for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 09-26-2018

Altius to Increase Shareholdings in Alderon

By GlobeNewswire GlobeNewswire • 03-22-2018

Alderon Signs Energy Infrastructure MOU with Envest Corp. for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 02-27-2019

Mr. John Baker Resigns from the Board of Alderon

By GlobeNewswire GlobeNewswire • 12-16-2019