Canadian North Resources (TSXV:CNRI) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Canadian North 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. Canadian North Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Canadian North Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Canadian North Resources is progressively becoming more dependent on debt to grow their business.

Canadian North Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian North 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.

* Premium members only.

Canadian North Resources LT-Debt-to-Total-Asset Chart

Canadian North Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

Canadian North Resources Quarterly Data
	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	0.03	0.02

Canadian North Resources LT-Debt-to-Total-Asset Calculation

Canadian North 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 )
	=	0.964	/	50.175
	=

Canadian North 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 )
	=	0.964	/	50.175
	=

Canadian North Resources (TSXV:CNRI) 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.

Canadian North Resources LT-Debt-to-Total-Asset Related Terms

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

Canadian North Resources (TSXV:CNRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian North Resources Inc (TSXV:CNRI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CNRSF:USA

Address

299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN

Website

https://www.cnresources.com

Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

Canadian North Resources (TSXV:CNRI) Headlines

No Headlines