CLMPF (Canadian Premiumnd) LT-Debt-to-Total-Asset : 0.87 (As of Dec. 2024)

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What is Canadian Premiumnd 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. Canadian Premiumnd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.87.

Canadian Premiumnd's long-term debt to total assets ratio declined from Dec. 2023 (1.15) to Dec. 2024 (0.87). It may suggest that Canadian Premiumnd is progressively becoming less dependent on debt to grow their business.

Canadian Premiumnd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian Premiumnd'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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Canadian Premiumnd LT-Debt-to-Total-Asset Chart

Canadian Premiumnd Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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1.30

0.46

0.30

0.04

Canadian Premiumnd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.15	-	-	0.04	0.87

Canadian Premiumnd LT-Debt-to-Total-Asset Calculation

Canadian Premiumnd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	0.03	/	0.737
	=

Canadian Premiumnd'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 )
	=	2.438	/	2.806
	=

Canadian Premiumnd (OTCPK:CLMPF) 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.

Canadian Premiumnd LT-Debt-to-Total-Asset Related Terms

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Canadian Premiumnd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Premium Sand Inc (OTCPK:CLMPF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CPS:Canada

Address

715 - 5th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 2X6

Website

https://www.canadianpremiumsand.com

Canadian Premium Sand Inc is an exploration stage company. The Company is engaged in developing manufacturing capacity for ultra-high-clarity patterned solar glass through a Company-owned facility to be located in Selkirk, Manitoba. It utilizes the high-purity, low-iron silica sand from its Wanipigow quarry leases and renewable Manitoba hydroelectricity.