Battery Mineral Resources (TSXV:BMR) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is Battery Mineral 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. Battery Mineral Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Battery Mineral Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.12) to Sep. 2024 (0.29). It may suggest that Battery Mineral Resources is progressively becoming more dependent on debt to grow their business.

Battery Mineral Resources LT-Debt-to-Total-Asset Historical Data

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

Battery Mineral Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.13

0.25

Battery Mineral Resources 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															0.12	0.25	0.30	0.30	0.29

Battery Mineral Resources LT-Debt-to-Total-Asset Calculation

Battery Mineral 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 )
	=	27.732	/	111.624
	=	0.25

Battery Mineral Resources'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 )
	=	35.382	/	122.316
	=	0.29

Battery Mineral Resources (TSXV:BMR) 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.

Battery Mineral Resources LT-Debt-to-Total-Asset Related Terms

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Battery Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Mineral Resources Corp (TSXV:BMR) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BTRMF:USA

Address

1040 West Georgia Street, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.bmrcorp.com

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including copper, cobalt, lithium, and graphite properties. The Company operates in three segments, one segment being the acquisition and exploration of exploration and evaluations assets located in Canada, the United States, Chile, and South Korea and the second segment for the operations of ESI, located in Canada and the United States and the third segment being the corporate head office located in Canada.

Executives