Forum Energy Metals (TSXV:FMC) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2024)

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What is Forum Energy Metals 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. Forum Energy Metals's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.00.

Forum Energy Metals's long-term debt to total assets ratio stayed the same from Aug. 2023 (0.00) to Aug. 2024 (0.00).

Forum Energy Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Forum Energy Metals'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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Forum Energy Metals LT-Debt-to-Total-Asset Chart

Forum Energy Metals Annual Data

Trend

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Nov23

LT-Debt-to-Total-Asset

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0.02

Forum Energy Metals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Forum Energy Metals LT-Debt-to-Total-Asset Calculation

Forum Energy Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0	/	3.449
	=

Forum Energy Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0	/	6.476
	=

Forum Energy Metals (TSXV:FMC) 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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Forum Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forum Energy Metals Corp (TSXV:FMC) » Definitions » LT-Debt-to-Total-Asset

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FDCFF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.forumenergymetals.com

Forum Energy Metals Corp is a Canadian-based mineral resource company focused on the acquisition, exploration, and development of energy metals: copper, cobalt, uranium, and palladium. Its projects include Fir Island uranium property, Henday Lake uranium property, Janice Lake Sedimentary Copper Project, Love Lake Copper-Nickel-Palladium Project, Quartz Gulch Cobalt Project, Idaho, Key Lake Road uranium project, Maurice Point uranium project, and North West Athabasca among others.

Executives

Daniel O'brien	Senior Officer
Anthony David Nettleton Balme	Director
Richard James Mazur	Director, Senior Officer
Brian James Christie	Director
Michael Albert Steeves	Director
David John Cowan	Director
Kenneth Lewis Wheatley	Senior Officer
Burns Singh Tennent-bhohi	Director
Larry Minoru Okada	Director