Ecora Resources (TSX:ECOR) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Ecora 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. Ecora Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Ecora Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.13). It may suggest that Ecora Resources is progressively becoming more dependent on debt to grow their business.

Ecora Resources LT-Debt-to-Total-Asset Historical Data

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

Ecora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.16

0.22

0.07

0.13

Ecora Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.08	0.07	0.08	0.13

Ecora Resources LT-Debt-to-Total-Asset Calculation

Ecora Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	114.463	/	853.629
	=	0.13

Ecora Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	114.463	/	853.629
	=	0.13

Ecora Resources (TSX:ECOR) 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.

Ecora Resources LT-Debt-to-Total-Asset Related Terms

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Ecora Resources (TSX:ECOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ecora Resources PLC (TSX:ECOR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ECRAF:USA ECORl:UK ECOR:UK HGR:Germany

Address

Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ

Website

https://www.ecora-resources.com

Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing primarily on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.