International Frontier Resources (TSXV:IFR) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is International Frontier 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. International Frontier Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

International Frontier Resources's long-term debt to total assets ratio declined from Sep. 2023 (0.45) to Sep. 2024 (0.14). It may suggest that International Frontier Resources is progressively becoming less dependent on debt to grow their business.

International Frontier Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for International Frontier 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.

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International Frontier Resources LT-Debt-to-Total-Asset Chart

International Frontier Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.30

0.58

0.54

International Frontier Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.54	0.69	0.12	0.14

International Frontier Resources LT-Debt-to-Total-Asset Calculation

International Frontier 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 )
	=	0.053	/	0.098
	=

International Frontier Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.055	/	0.382
	=

International Frontier Resources (TSXV:IFR) 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.

International Frontier Resources LT-Debt-to-Total-Asset Related Terms

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International Frontier Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Frontier Resources Corp (TSXV:IFR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IFRTF:USA

Address

396 11th Avenue S.W, Suite 1320, Calgary, AB, CAN, T2R 0C5

Website

https://www.internationalfrontier.com

International Frontier Resources Corp is engaged in the exploration and development of oil and natural gas reserves. It acquires, develops, exploits, and produces oil and natural gas in Mexico, Northwest Territories, Canada, Tecolutla Contract Mexico, and in northwest Montana in the United States. It operates in Canada and Mexico's geographical segments. It generates the majority of its revenue from Canada.

Executives

Anthony John Kinnon	Director, Senior Officer
Andrew James Fisher	Senior Officer

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