IDR (Idaho Strategic Resources) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Idaho Strategic Resources 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. Idaho Strategic Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Idaho Strategic Resources's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.05). It may suggest that Idaho Strategic Resources is progressively becoming less dependent on debt to grow their business.

Idaho Strategic Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Idaho Strategic Resources'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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Idaho Strategic Resources LT-Debt-to-Total-Asset Chart

Idaho Strategic Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.14

0.18

0.07

0.06

Idaho Strategic Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.08	0.06	0.05

Idaho Strategic Resources LT-Debt-to-Total-Asset Calculation

Idaho Strategic Resources'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 )
	=	1.338	/	23.89
	=	0.06

Idaho Strategic Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2.118	/	40.827
	=	0.05

Idaho Strategic Resources (AMEX:IDR) 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.

Idaho Strategic Resources LT-Debt-to-Total-Asset Related Terms

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Idaho Strategic Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Idaho Strategic Resources Inc (AMEX:IDR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 N. Third Street, Coeur d’Alene, ID, USA, 83814

Website

https://www.idahostrategic.com

Idaho Strategic Resources Inc is a vertically integrated, operating junior mining company. It produces gold at the Golden Chest Mine. In addition to gold and gold production, the company maintains a strategic and domestic presence in the Critical Minerals sector and is focused on advancing its officially recognized Lemhi Pass, Diamond Creek, and Roberts Rare Earth Element projects in central Idaho.

Executives

Monique D Hayes	officer: Corporate Secretary	11115 E. MONTGOMERY, SUITE G, SPOKANE VALLEY WA 99206
John Swallow	director, 10 percent owner, officer: President	905 SOUTH JARVIS ROAD, COEUR D'ALENE ID 83814
Carolyn S Turner	director	P.O. BOX 87, KINGSTON ID 83839
Grant A Brackebusch	director, officer: Vice President	P.O. BOX 1019, KELLOGG IA 83837
Richard Scott Beaven	director	201 N. 3RD ST., COEUR D'ALENE ID 83814
Robert John Morgan	officer: VP Exploration	201 N 3RD ST, COEUR D ALENE ID 83814-2806
Kevin G Shiell	director	STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Juniper Resources Llc	other: Strategic Partnership	967 E PARKCENTER BLVD. #365, BOISE ID 83706
Delbert W Steiner	director	3555 COUNTRY CLUB DR, LEWISTON ID 83501
R. Patrick Highsmith	director, officer: President/CEO	6852 S. CLAYTON WAY, CENTENNIAL CO 80122
Mine Systems Design Inc	10 percent owner	PO BOX 1019, KELLOGG ID 83837
M Kathleen Sims	director	PO BOX 1019, KELLOGG ID 93837
Ivan R Linscott	director	PO BOX 1019, KELLOGG ID 83837
William C Rust	director	PO BOX 1019, KELLOGG ID 83837
Fred W Brackebusch	director, 10 percent owner, officer: CEO	P.O. BOX 1019, KELLOGG ID 83837