Abcourt Mines (TSXV:ABI) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Abcourt Mines 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. Abcourt Mines's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Abcourt Mines's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.01). It may suggest that Abcourt Mines is progressively becoming less dependent on debt to grow their business.

Abcourt Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abcourt Mines'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.

* Premium members only.

Abcourt Mines LT-Debt-to-Total-Asset Chart

Abcourt Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.02

Abcourt Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.04	0.02	0.02	0.01

Abcourt Mines LT-Debt-to-Total-Asset Calculation

Abcourt Mines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.333	/	17.401
	=	0.02

Abcourt Mines'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 )
	=	0.2	/	14.179
	=

Abcourt Mines (TSXV:ABI) 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.

Abcourt Mines LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Abcourt Mines's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Abcourt Mines (TSXV:ABI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (TSXV:ABI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ABMBF:USA AML:Germany

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Executives

Normand Hinse

Director

Abcourt Mines (TSXV:ABI) Headlines

From GuruFocus

Better Than Coke, Cheaper Than the S&P 500

By Hugo Roque Hugo Roque • 02-08-2019

Some Thoughts On Buy-and-Hold Investing

By Rupert Hargreaves Rupert Hargreaves • 12-20-2018

Weekly 3-Year Low Highlights: ABI, YOKU, DAR, BPT, EFC

By Jimmy Xiao gurujx • 03-23-2015