Northern Minerals and Exploration (Northern Minerals and Exploration) LT-Debt-to-Total-Asset : 8.50 (As of Jan. 2024)

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What is Northern Minerals and Exploration 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. Northern Minerals and Exploration's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 8.50.

Northern Minerals and Exploration's long-term debt to total assets ratio increased from Jan. 2023 (0.00) to Jan. 2024 (8.50). It may suggest that Northern Minerals and Exploration is progressively becoming more dependent on debt to grow their business.

Northern Minerals and Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northern Minerals and Exploration'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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Northern Minerals and Exploration LT-Debt-to-Total-Asset Chart

Northern Minerals and Exploration Annual Data

Trend

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LT-Debt-to-Total-Asset

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Northern Minerals and Exploration 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															-	-	-	42.50	8.50

Northern Minerals and Exploration LT-Debt-to-Total-Asset Calculation

Northern Minerals and Exploration'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	/	0.007
	=

Northern Minerals and Exploration'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 )
	=	0.085	/	0.01
	=

Northern Minerals and Exploration (OTCPK:NMEX) 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.

Northern Minerals and Exploration LT-Debt-to-Total-Asset Related Terms

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Northern Minerals and Exploration (Northern Minerals and Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Minerals and Exploration Ltd (OTCPK:NMEX) » Definitions » LT-Debt-to-Total-Asset

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Address

881 West State Road, Pleasant Grove, UT, USA, 84062

Website

http://www.northernmineralsexploration.com

Northern Minerals and Exploration Ltd is an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada.