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SGPTF (Sage Potash) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)


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What is Sage Potash 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. Sage Potash's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

Sage Potash's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.20). It may suggest that Sage Potash is progressively becoming more dependent on debt to grow their business.

Sage Potash LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sage Potash'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.

* Premium members only.

Sage Potash LT-Debt-to-Total-Asset Chart

Sage Potash Annual Data
Trend Mar23 Mar24
LT-Debt-to-Total-Asset
0.02 0.01

Sage Potash Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 - 0.20

Sage Potash LT-Debt-to-Total-Asset Calculation

Sage Potash's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )/Total Assets (A: Mar. 2024 )
=0.01/1.292
=

Sage Potash'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 )
=0.497/2.543
=

* 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.

Sage Potash  (OTCPK:SGPTF) 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.

Sage Potash LT-Debt-to-Total-Asset Related Terms

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Sage Potash Business Description

Industry
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Traded in Other Exchanges
SAGE:Canada
Address
889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2
Website
https://www.sagepotash.com
Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.