Champion Iron (TSX:CIA) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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

Champion Iron's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.20). It may suggest that Champion Iron is progressively becoming less dependent on debt to grow their business.

Champion Iron LT-Debt-to-Total-Asset Historical Data

The historical data trend for Champion Iron'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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Champion Iron LT-Debt-to-Total-Asset Chart

Champion Iron Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.32

0.15

0.23

0.22

Champion Iron Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.22	0.21	0.20

Champion Iron LT-Debt-to-Total-Asset Calculation

Champion Iron'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 )
	=	579.016	/	2689.551
	=	0.22

Champion Iron'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 )
	=	558.962	/	2801.593
	=	0.20

Champion Iron (TSX:CIA) 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.

Champion Iron LT-Debt-to-Total-Asset Related Terms

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Champion Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (TSX:CIA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIAFF:USA MMPI:Germany CIA:Australia

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates the maximum of its revenue from the Iron Ore Concentrate segment.

Executives

David Cataford	Director, Senior Officer
Alexandre Belleau	Senior Officer
Steve Boucratie	Senior Officer
Michael Marcotte	Senior Officer
William Michael O'keeffe	Director
Donald Tremblay	Senior Officer
Pradipkumar Devalia	Senior Officer
Gary Kenneth John Lawler	Director
L.p. Wc Strategic Opportunity	10% Security Holder
François Lafrenière	Senior Officer
Natacha Garoute	Senior Officer
Andrew John Love	Director
Michelle Ann Cormier	Director
Jorge Estepa	Senior Officer
Wayne Gordon Wouters	Director