Noram Lithium (STU:N7R) LT-Debt-to-Total-Asset : 0.00 (As of Jul. 2024)

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What is Noram Lithium 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. Noram Lithium's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.00.

Noram Lithium's long-term debt to total assets ratio declined from Jul. 2023 (0.00) to Jul. 2024 (0.00). It may suggest that Noram Lithium is progressively becoming less dependent on debt to grow their business.

Noram Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Noram Lithium'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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Noram Lithium LT-Debt-to-Total-Asset Chart

Noram Lithium Annual Data

Trend

Jan15

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Jan24

LT-Debt-to-Total-Asset

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0.02

Noram Lithium Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Noram Lithium LT-Debt-to-Total-Asset Calculation

Noram Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	0	/	5.767
	=

Noram Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0	/	4.681
	=

Noram Lithium (STU:N7R) 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.

Noram Lithium LT-Debt-to-Total-Asset Related Terms

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Noram Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noram Lithium Corp (STU:N7R) » Definitions » LT-Debt-to-Total-Asset

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NRVTF:USA NRM:Canada

Address

555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6

Website

https://www.noramlithiumcorp.com

Noram Lithium Corp is engaged in the acquisition and exploration of lithium properties. Its principal asset is the Zeus Lithium Project in Clayton Valley Nevada.

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