Millennial Lithium (Millennial Lithium) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2021)

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What is Millennial Lithium 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. Millennial Lithium's long-term debt to total assests ratio for the quarter that ended in Aug. 2021 was 0.00.

Millennial Lithium's long-term debt to total assets ratio declined from Aug. 2020 (0.00) to Aug. 2021 (0.00). It may suggest that Millennial Lithium is progressively becoming less dependent on debt to grow their business.

Millennial Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Millennial Lithium'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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Millennial Lithium LT-Debt-to-Total-Asset Chart

Millennial Lithium Annual Data

Trend

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LT-Debt-to-Total-Asset

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Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Millennial Lithium LT-Debt-to-Total-Asset Calculation

Millennial Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2021 is calculated as

LT Debt to Total Assets (A: Feb. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2021 )	/	Total Assets (A: Feb. 2021 )
	=	0	/	92.226
	=

Millennial Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (Q: Aug. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2021 )	/	Total Assets (Q: Aug. 2021 )
	=	0.042	/	89.621
	=

Millennial Lithium (OTCPK:MLNLF) 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.

Millennial Lithium LT-Debt-to-Total-Asset Related Terms

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Millennial Lithium (Millennial Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (OTCPK:MLNLF) » Definitions » LT-Debt-to-Total-Asset

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Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.

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