STHFF (Stelmine Canada) LT-Debt-to-Total-Asset : 0.01 (As of Apr. 2024)

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What is Stelmine Canada 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. Stelmine Canada's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.01.

Stelmine Canada's long-term debt to total assets ratio increased from Apr. 2023 (0.00) to Apr. 2024 (0.01). It may suggest that Stelmine Canada is progressively becoming more dependent on debt to grow their business.

Stelmine Canada LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stelmine Canada'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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Stelmine Canada LT-Debt-to-Total-Asset Chart

Stelmine Canada Annual Data

Trend

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Jul23

LT-Debt-to-Total-Asset

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0.01

Stelmine Canada Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Stelmine Canada LT-Debt-to-Total-Asset Calculation

Stelmine Canada'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 )
	=	0.052	/	7.499
	=

Stelmine Canada's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	0.05	/	7.07
	=

Stelmine Canada (OTCPK:STHFF) 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.

Stelmine Canada LT-Debt-to-Total-Asset Related Terms

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Stelmine Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stelmine Canada Ltd (OTCPK:STHFF) » Definitions » LT-Debt-to-Total-Asset

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Address

8255 Boulevard Henri-Bourassa, Bureau 230, Quebec, QC, CAN, G1G 4C8

Website

https://www.stelmine.com

Stelmine Canada Ltd is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, production, and development of mining properties in Quebec. Its asset portfolio includes Courcy Property, Mercator Property, Joubert Property, Nouvelles property, Ilnu property, and Trieste Property.

Stelmine Canada Headlines

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Stelmine Closes First Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 10-20-2021

Stelmine closes $700,300 private placement

By GlobeNewswire • 12-30-2023

Stelmine Closes $700,000 Private Placement

By GlobeNewswire GlobeNewswire • 06-11-2021

Stelmine announces the results of its annual meeting

By GlobeNewswire GlobeNewswire • 01-28-2023

Stelmine increases significantly the length of the gold-bearing corridor at Mercator

By GlobeNewswire • 02-21-2024

Stelmine completes a private placement of $907,380

By GlobeNewswire GlobeNewswire • 10-29-2019