Matachewan Consolidated Mines (Matachewan Consolidated Mines) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Matachewan Consolidated Mines 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. Matachewan Consolidated Mines's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Matachewan Consolidated Mines's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Matachewan Consolidated Mines is progressively becoming less dependent on debt to grow their business.

Matachewan Consolidated Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Matachewan Consolidated Mines'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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Matachewan Consolidated Mines LT-Debt-to-Total-Asset Chart

Matachewan Consolidated Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Matachewan Consolidated Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	-

Matachewan Consolidated Mines LT-Debt-to-Total-Asset Calculation

Matachewan Consolidated Mines'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 )
	=	0.013	/	5.883
	=	0.00

Matachewan Consolidated Mines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.008	/	6.075
	=	0.00

Matachewan Consolidated Mines (OTCPK:MWCAF) 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.

Matachewan Consolidated Mines LT-Debt-to-Total-Asset Related Terms

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Matachewan Consolidated Mines (Matachewan Consolidated Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Matachewan Consolidated Mines Ltd (OTCPK:MWCAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MCM.A:Canada

Address

130 Adelaide Street West, Suite 1910, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5

Website

Matachewan Consolidated Mines Ltd is a natural resource company. The company holds an investment in petroleum interests, as well as direct and indirect interests in mineral properties all of which are in Canada.

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