Cygnus Metals (Cygnus Metals) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Cygnus 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. Cygnus Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Cygnus Metals's long-term debt to total assets ratio declined from Jun. 2022 (0.03) to Jun. 2023 (0.00). It may suggest that Cygnus Metals is progressively becoming less dependent on debt to grow their business.

Cygnus Metals LT-Debt-to-Total-Asset Historical Data

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

Cygnus Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

Cygnus Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.03	0.03	-	-	-

Cygnus Metals LT-Debt-to-Total-Asset Calculation

Cygnus Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	23.484
	=	0.00

Cygnus Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	15.971
	=

Cygnus Metals (OTCPK:CYGGF) 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.

Cygnus Metals LT-Debt-to-Total-Asset Related Terms

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Cygnus Metals (Cygnus Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cygnus Metals Ltd (OTCPK:CYGGF) » Definitions » LT-Debt-to-Total-Asset

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CY5:Australia

Address

8 Richardson Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.cygnusmetals.com

Cygnus Metals Ltd is a exploration company focused on advancing the Pontax Lithium Project in the James Bay lithium district in Canada, as well as the Bencubbin Lithium Project and Snake Rock Project in Western Australia. The company is actively exploring both jurisdictions with tenure prospective for lithium as well as gold, nickel, copper and platinum group elements.

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