Corsa Coal (TSXV:CSO) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Corsa Coal 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. Corsa Coal's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Corsa Coal's long-term debt to total assets ratio declined from Jun. 2023 (0.12) to Jun. 2024 (0.09). It may suggest that Corsa Coal is progressively becoming less dependent on debt to grow their business.

Corsa Coal LT-Debt-to-Total-Asset Historical Data

The historical data trend for Corsa Coal'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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Corsa Coal LT-Debt-to-Total-Asset Chart

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.15

0.13

0.12

0.11

Corsa Coal Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.11	0.11	0.09	0.09

Corsa Coal LT-Debt-to-Total-Asset Calculation

Corsa Coal'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 )
	=	27.043	/	256.623
	=	0.11

Corsa Coal's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	22.617	/	245.669
	=	0.09

Corsa Coal (TSXV:CSO) 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.

Corsa Coal LT-Debt-to-Total-Asset Related Terms

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Corsa Coal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (TSXV:CSO) » Definitions » LT-Debt-to-Total-Asset

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CRSXF:USA

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel, as well as exploring, acquiring and developing resource properties that are consistent with its existing coal business. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments. Geographically, the company derives the majority of its revenue from the United States.

Executives

Alan Michael De'ath	Director
Sev.en Energy Ag	10% Security Holder
Zebra Holdings And Investments S.à.r.l.	10% Security Holder
Robert Scott	Director

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