Canada Rare Earth (TSXV:LL) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2024)

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What is Canada Rare Earth 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. Canada Rare Earth's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.39.

Canada Rare Earth's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Dec. 2024 (0.39). It may suggest that Canada Rare Earth is progressively becoming more dependent on debt to grow their business.

Canada Rare Earth LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth LT-Debt-to-Total-Asset Chart

Canada Rare Earth Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Jun24

LT-Debt-to-Total-Asset

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0.19

0.07

0.20

Canada Rare Earth Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.20	0.40	0.39

Canada Rare Earth LT-Debt-to-Total-Asset Calculation

Canada Rare Earth's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.64	/	3.283
	=

Canada Rare Earth's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.63	/	1.608
	=	0.39

Canada Rare Earth (TSXV:LL) 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.

Canada Rare Earth LT-Debt-to-Total-Asset Related Terms

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Canada Rare Earth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (TSXV:LL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the mineral products.

Executives

Tracy Allin Moore	Director
Rarex Limited	10% Security Holder
William Randolph Purcell	Director

Canada Rare Earth Headlines

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