Route 109 Resources (STU:8M0) LT-Debt-to-Total-Asset : 0.01 (As of Nov. 2024)

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What is Route 109 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. Route 109 Resources's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.01.

Route 109 Resources's long-term debt to total assets ratio increased from Nov. 2023 (0.00) to Nov. 2024 (0.01). It may suggest that Route 109 Resources is progressively becoming more dependent on debt to grow their business.

Route 109 Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Route 109 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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Route 109 Resources LT-Debt-to-Total-Asset Chart

Route 109 Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.01

Route 109 Resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.02	0.01	0.01

Route 109 Resources LT-Debt-to-Total-Asset Calculation

Route 109 Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	0.114	/	10.467
	=

Route 109 Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0.121	/	10.515
	=

Route 109 Resources (STU:8M0) 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.

Route 109 Resources LT-Debt-to-Total-Asset Related Terms

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Route 109 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (STU:8M0) » Definitions » LT-Debt-to-Total-Asset

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MRIRF:USA RTE:Canada

Address

1177 W. Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.route109resources.com

Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.

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