Avarone Metals (FRA:W2U1) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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

Avarone Metals's long-term debt to total assets ratio declined from Jan. 2023 (0.39) to Jan. 2024 (0.00). It may suggest that Avarone Metals is progressively becoming less dependent on debt to grow their business.

Avarone Metals LT-Debt-to-Total-Asset Historical Data

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

Avarone Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.51

0.40

0.25

Avarone 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															0.39	0.44	-	-	-

Avarone Metals LT-Debt-to-Total-Asset Calculation

Avarone 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	/	0.032
	=

Avarone 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	/	0.017
	=

Avarone Metals (FRA:W2U1) 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.

Avarone Metals LT-Debt-to-Total-Asset Related Terms

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Avarone Metals (FRA:W2U1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avarone Metals Inc (FRA:W2U1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AVRTF:USA W2U1:Germany AVM.X:Canada

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

http://www.avarone.com

Avarone Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company operates in one segment.

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