Condor Resources (Condor Resources) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2023)

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What is Condor 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. Condor Resources's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.00.

Condor Resources's long-term debt to total assets ratio declined from Aug. 2022 (0.01) to Nov. 2023 (0.00). It may suggest that Condor Resources is progressively becoming less dependent on debt to grow their business.

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

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

Condor Resources Annual Data

Trend

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Feb23

LT-Debt-to-Total-Asset

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0.01

Condor Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	-	-

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

Condor Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	0.03	/	5.347
	=

Condor Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	0	/	7.579
	=

Condor Resources (OTCPK:CNRIF) 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.

Condor Resources LT-Debt-to-Total-Asset Related Terms

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Condor Resources (Condor Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Condor Resources Inc (OTCPK:CNRIF) » Definitions » LT-Debt-to-Total-Asset

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CN:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.condorresources.com

Condor Resources Inc is engaged in acquiring and exploring mineral properties located in Peru. The company is engaged in the exploration of minerals with an emphasis on gold and copper prospects. Its projects include Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, San Martin, Lucero, and Quilca-Quilisane in Peru South America.