Oceanic Iron Ore (TSXV:FEO) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Oceanic Iron Ore 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. Oceanic Iron Ore's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Oceanic Iron Ore's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.00). It may suggest that Oceanic Iron Ore is progressively becoming less dependent on debt to grow their business.

Oceanic Iron Ore LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oceanic Iron Ore'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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Oceanic Iron Ore LT-Debt-to-Total-Asset Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.13

0.04

0.08

Oceanic Iron Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.08	0.05	0.08	-

Oceanic Iron Ore LT-Debt-to-Total-Asset Calculation

Oceanic Iron Ore'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 )
	=	3.357	/	44.743
	=

Oceanic Iron Ore's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	44.734
	=

Oceanic Iron Ore (TSXV:FEO) 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.

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Oceanic Iron Ore (TSXV:FEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceanic Iron Ore Corp (TSXV:FEO) » Definitions » LT-Debt-to-Total-Asset

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives