EnviroMetal Technologies (EnviroMetal Technologies) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is EnviroMetal Technologies 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. EnviroMetal Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

EnviroMetal Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that EnviroMetal Technologies is progressively becoming less dependent on debt to grow their business.

EnviroMetal Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for EnviroMetal Technologies'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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EnviroMetal Technologies LT-Debt-to-Total-Asset Chart

EnviroMetal Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.03

0.02

0.04

0.03

EnviroMetal Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.06	0.03

EnviroMetal Technologies LT-Debt-to-Total-Asset Calculation

EnviroMetal Technologies'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 )
	=	0.025	/	0.851
	=

EnviroMetal Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.025	/	0.851
	=

EnviroMetal Technologies (OTCPK:EVLLF) 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.

EnviroMetal Technologies LT-Debt-to-Total-Asset Related Terms

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EnviroMetal Technologies (EnviroMetal Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EnviroMetal Technologies Inc (OTCPK:EVLLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7N20:Germany ETI:Canada

Address

208-6741 Cariboo Road, Burnaby, BC, CAN, V3N 4A3

Website

https://www.envirometal.com

EnviroMetal Technologies Inc is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroMetal extracts precious metals from ores, concentrates and E-Waste.