Nine Mile Metals (FRA:KQ9) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Nine Mile 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. Nine Mile Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Nine Mile Metals's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.00). It may suggest that Nine Mile Metals is progressively becoming more dependent on debt to grow their business.

Nine Mile Metals LT-Debt-to-Total-Asset Historical Data

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

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.05

Nine Mile Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Nine Mile Metals LT-Debt-to-Total-Asset Calculation

Nine Mile Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	0.009	/	3.392
	=

Nine Mile Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.006	/	3.285
	=

Nine Mile Metals (FRA:KQ9) 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.

Nine Mile Metals LT-Debt-to-Total-Asset Related Terms

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Nine Mile Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (FRA:KQ9) » Definitions » LT-Debt-to-Total-Asset

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VMSXF:USA NINE:Canada

Address

800 West Pender Street, Suite 1500, Vancouver, BC, CAN, V6C 2V6

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a mineral exploration company. Its principal business is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Wedge project, and Nine-mile Brook, California Lake, and Canoe Lake properties. Geographically, its exploration activities are conducted in Canada.

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