Latin Metals (TSXV:LMS) LT-Debt-to-Total-Asset : 0.00 (As of Jul. 2024)

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

Latin Metals's long-term debt to total assets ratio declined from Jul. 2023 (0.01) to Jul. 2024 (0.00). It may suggest that Latin Metals is progressively becoming less dependent on debt to grow their business.

Latin Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Latin 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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Latin Metals LT-Debt-to-Total-Asset Chart

Latin Metals Annual Data

Trend

Oct14

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Oct23

LT-Debt-to-Total-Asset

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0.01

Latin Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Latin Metals LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	0.033	/	6.562
	=

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0	/	5.919
	=

Latin Metals (TSXV:LMS) 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.

Latin Metals LT-Debt-to-Total-Asset Related Terms

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Latin Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Latin Metals Inc (TSXV:LMS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LMSQF:USA

Address

999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2

Website

https://www.latin-metals.com

Latin Metals Inc is a resource exploration company. It is focused on precious metals and copper projects in historically resource-rich regions of South America, specifically in Peru and Argentina. The company operates on a prospect generator model, focusing on acquiring prospective exploration properties at minimum cost, followed by initial evaluation through the cost-effective exploration to establish drill targets. It has one mineral resource industry segment and operates in Canada, Argentina, and Peru.

Executives

Robert Charles Kopple	10% Security Holder
Keith J. Henderson	Director

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