Foran Mining (FRA:48M) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Foran Mining 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. Foran Mining's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Foran Mining's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.08). It may suggest that Foran Mining is progressively becoming less dependent on debt to grow their business.

Foran Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Foran Mining'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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Foran Mining LT-Debt-to-Total-Asset Chart

Foran Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.07

Foran Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.11	0.11	0.07	0.08

Foran Mining LT-Debt-to-Total-Asset Calculation

Foran Mining'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 )
	=	26.125	/	370.798
	=

Foran Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	28.569	/	369.063
	=

Foran Mining (FRA:48M) 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.

Foran Mining LT-Debt-to-Total-Asset Related Terms

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Foran Mining (FRA:48M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Foran Mining Corp (FRA:48M) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FMCXF:USA 48M:Germany FOM:Canada

Address

904-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.foranmining.com

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.

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