NOURF (Northern Minerals) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Northern Minerals 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's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Northern Minerals's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Dec. 2023 (0.02). It may suggest that Northern Minerals is progressively becoming less dependent on debt to grow their business.

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

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

Northern Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.02

0.77

0.05

Northern Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.46	0.77	0.02	0.05

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

Northern Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	8.957	/	11.681
	=	0.77

Northern Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.511	/	21.078
	=

Northern Minerals (OTCPK:NOURF) 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 LT-Debt-to-Total-Asset Related Terms

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Northern Minerals Business Description

Industry

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

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Traded in Other Exchanges

NUN:Germany NUN:Germany NTU:Australia

Address

40 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.northernminerals.com.au

Northern Minerals Ltd is a mineral exploration company. It is engaged in the exploration and producer of the heavy rare earth, dysprosium outside of China. The company's portfolio consists of three projects, the Browns Range and John Galt projects in Western Australia, and the Boulder Ridge Project located in the Northern Territory.