Avalon Advanced Materials (TSX:AVL) LT-Debt-to-Total-Asset : 0.02 (As of Nov. 2023)

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What is Avalon Advanced Materials 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. Avalon Advanced Materials's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.02.

Avalon Advanced Materials's long-term debt to total assets ratio declined from Nov. 2022 (0.03) to Nov. 2023 (0.02). It may suggest that Avalon Advanced Materials is progressively becoming less dependent on debt to grow their business.

Avalon Advanced Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avalon Advanced Materials'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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Avalon Advanced Materials LT-Debt-to-Total-Asset Chart

Avalon Advanced Materials Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

0.03

Avalon Advanced Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Nov22	Feb23	May23	Aug23	Nov23	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.02	0.02	0.03

Avalon Advanced Materials LT-Debt-to-Total-Asset Calculation

Avalon Advanced Materials'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 )
	=	3.677	/	136.379
	=	0.03

Avalon Advanced Materials's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	3.066	/	135.678
	=	0.02

Avalon Advanced Materials (TSX:AVL) 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.

Avalon Advanced Materials LT-Debt-to-Total-Asset Related Terms

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Avalon Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (TSX:AVL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AVLNF:USA 0UJN:UK OU5A:Germany OU5A:Germany

Address

130 Adelaide Street West, Suite 2060, Toronto, ON, CAN, M5H 3P5

Website

https://www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc is a mineral exploration and development company. It is principally engaged in the acquisition, exploration, evaluation, and development of specialty and critical minerals properties, located principally in Canada. It holds an exploration license within four claims in the East Kemptville area of Yarmouth, Nova Scotia. The company also holds an interest in a mining lease in the Warren Township Anorthosite Project, Nechalacho REE Project and Net Smelter Returns (NSR) rights in the East Cedartree Gold Property, and the Wolf Mountain Platinum-Palladium Project.

Executives

Andrew J. Ramcharan	Senior Officer
Xi Hong Hu	Senior Officer
Scott Monteith	Director, Senior Officer
Donald Stephen Bubar	Director, Senior Officer
Rickardo Welyhorsky	Senior Officer
Zeeshan Syed	Senior Officer
Naomi Anne Johnson	Director
Marilyn Spink	Director
John Edward Fisher	Director