NSHRF (Northern Shield Resources) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Northern Shield 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. Northern Shield Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Northern Shield Resources's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Northern Shield Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northern Shield 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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Northern Shield Resources LT-Debt-to-Total-Asset Chart

Northern Shield Resources Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Northern Shield 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															-	-	-	-	-

Northern Shield Resources LT-Debt-to-Total-Asset Calculation

Northern Shield 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 )
	=	0	/	4.486
	=

Northern Shield 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 )
	=	0	/	1.947
	=

Northern Shield Resources (OTCPK:NSHRF) 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 Shield Resources LT-Debt-to-Total-Asset Related Terms

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Northern Shield Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Shield Resources Inc (OTCPK:NSHRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N9SA:Germany NRN:Canada

Address

150 Elgin Street, 10th Floor, Ottawa, ON, CAN, K2P 1L4

Website

https://www.northern-shield.com

Northern Shield Resources Inc is a mineral exploration company engaged in the business of identifying, acquiring, and exploring mineral properties. The projects of the company include Huckleberry property and Idefix property. The company also holds an interest in Root and Cellar, Shot Rock, Zuleika properties.