Cantex Mine Development (TSXV:CD) LT-Debt-to-Total-Asset : 0.07 (As of Jan. 2025)

View and export this data going back to 1995. Start your Free Trial

What is Cantex Mine Development 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. Cantex Mine Development's long-term debt to total assests ratio for the quarter that ended in Jan. 2025 was 0.07.

Cantex Mine Development's long-term debt to total assets ratio increased from Jan. 2024 (0.00) to Jan. 2025 (0.07). It may suggest that Cantex Mine Development is progressively becoming more dependent on debt to grow their business.

Cantex Mine Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cantex Mine Development'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.

Cantex Mine Development LT-Debt-to-Total-Asset Chart

Cantex Mine Development Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.04

0.03

Cantex Mine Development Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.03	0.07	0.07

Cantex Mine Development LT-Debt-to-Total-Asset Calculation

Cantex Mine Development's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	0.114	/	4.487
	=

Cantex Mine Development's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2025 is calculated as

LT Debt to Total Assets (Q: Jan. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2025 )	/	Total Assets (Q: Jan. 2025 )
	=	0.114	/	1.634
	=

Cantex Mine Development (TSXV:CD) 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.

Cantex Mine Development LT-Debt-to-Total-Asset Related Terms

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

Cantex Mine Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cantex Mine Development Corp (TSXV:CD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CTXDF:USA

Address

203-1634 Harvey Avenue, Kelowna, BC, CAN, V1Y 6G2

Website

https://www.cantex.ca

Cantex Mine Development Corp is a Canada-based exploration-stage company. The principal activities of the company include the acquisition and exploration of mineral properties for commercial mineral deposits. The company holds an interest in several properties in Yemen including Al Hariqah. Its exploration and mineral properties in Nevada. The company holds an interest in a few claim blocks located in Yukon. The company operates through a single segment Mineral Exploration. Geographically it operates in Canada, Yemen, and the United States of America, and the majority of its revenue is generated from Canada.

Executives

Vernon Frolick	Director
Charles Edgar Fipke	Director, Senior Officer
Chad Stanley Ulansky	Director, Senior Officer
Dundee Corporation	10% Security Holder
Robert Douglas Cudney	10% Security Holder
Jennifer Lee Irons	Senior Officer
Keiven Bauer	Senior Officer