NexGen Energy (PHS:XG) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is NexGen Energy 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. NexGen Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

NexGen Energy's long-term debt to total assets ratio declined from Dec. 2021 (0.17) to Sep. 2024 (0.07). It may suggest that NexGen Energy is progressively becoming less dependent on debt to grow their business.

NexGen Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for NexGen Energy'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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NexGen Energy LT-Debt-to-Total-Asset Chart

NexGen Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.17

0.14

0.12

NexGen Energy Quarterly Data
	Dec20	Dec21	Dec22	Sep23	Dec23	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.17	0.14	-	0.12	0.07

NexGen Energy LT-Debt-to-Total-Asset Calculation

NexGen Energy'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 )
	=	135.527	/	1138.459
	=	0.12

NexGen Energy'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 )
	=	114.266	/	1749.151
	=	0.07

NexGen Energy (PHS:XG) 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.

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NexGen Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » NexGen Energy Corp (PHS:XG) » Definitions » LT-Debt-to-Total-Asset

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Address

2155 Don Chino Roces Avenue, 3rd floor, JTKC Centre, Brgy. Pio del Pilar, Makati City, PHL

Website

https://www.nexgen-energy.ai/about.html

NexGen Energy Corp is engaged in development and generation of renewable energy resources that include biomass, biogas, hydropower, wind, and solar energy. The company deploys its utility-scale projects in embedded areas to reduce transmission losses and helps Distribution Utilities by introducing high-performance systems, streamlined operations, and focused engineering.

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