Eastfield Resources (Eastfield Resources) LT-Debt-to-Total-Asset : 0.04 (As of Nov. 2023)

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What is Eastfield 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. Eastfield Resources's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.04.

Eastfield Resources's long-term debt to total assets ratio declined from Nov. 2022 (0.07) to Nov. 2023 (0.04). It may suggest that Eastfield Resources is progressively becoming less dependent on debt to grow their business.

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

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

Eastfield Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.17

0.08

0.07

0.06

Eastfield Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.05	0.05	0.04

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

Eastfield 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 )
	=	0.123	/	2.215
	=

Eastfield 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 )
	=	0.067	/	1.67
	=

Eastfield Resources (OTCPK:ETFLF) 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.

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

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Eastfield Resources (Eastfield Resources) Business Description

Industry

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

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ETF:Canada

Address

325 Howe Street, Suite 110, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.eastfieldresources.com

Eastfield Resources Ltd is a Canadian mineral exploration company focused on the discovery of precious metal and copper deposits. Its principal business activities are the acquisition and exploration of gold, copper and other precious and base metal properties in Canada. The company projects includes Zymo, Indata, Iron leg, Hegde Hog and CR projects.

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