Cruz Battery Metals (FRA:BR00) LT-Debt-to-Total-Asset : 0.03 (As of Jan. 2024)

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What is Cruz Battery 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. Cruz Battery Metals's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.03.

Cruz Battery Metals's long-term debt to total assets ratio declined from Jan. 2023 (0.04) to Jan. 2024 (0.03). It may suggest that Cruz Battery Metals is progressively becoming less dependent on debt to grow their business.

Cruz Battery Metals LT-Debt-to-Total-Asset Historical Data

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

Cruz Battery Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.07

0.03

Cruz Battery Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.03	0.03	0.03

Cruz Battery Metals LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0.13	/	4.027
	=

Cruz Battery Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0.114	/	3.784
	=

Cruz Battery Metals (FRA:BR00) 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.

Cruz Battery Metals LT-Debt-to-Total-Asset Related Terms

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Cruz Battery Metals (FRA:BR00) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cruz Battery Metals Corp (FRA:BR00) » Definitions » LT-Debt-to-Total-Asset

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BKTPF:USA 0URE:UK CRUZ:Canada

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8

Website

https://www.cruzbatterymetals.com

Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.

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