MAX Resource (TSXV:MAX) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is MAX Resource 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. MAX Resource's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

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

MAX Resource LT-Debt-to-Total-Asset Historical Data

The historical data trend for MAX Resource'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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MAX Resource LT-Debt-to-Total-Asset Chart

MAX Resource Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

MAX Resource Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

MAX Resource LT-Debt-to-Total-Asset Calculation

MAX Resource'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	/	18.751
	=

MAX Resource's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.072	/	17.385
	=

MAX Resource (TSXV:MAX) 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.

MAX Resource LT-Debt-to-Total-Asset Related Terms

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MAX Resource Business Description

Industry

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

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MXROF:USA M1D2:Germany

Address

1095 West Pender Street, Suite 1188, Vancouver, BC, CAN, V6E 2M6

Website

https://www.maxresource.com

MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru. It has one operating segment which is the exploration of resource properties.