Magnetic North Acquisition (TSXV:MNC) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Magnetic North Acquisition 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. Magnetic North Acquisition's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Magnetic North Acquisition's long-term debt to total assets ratio stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Magnetic North Acquisition LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition LT-Debt-to-Total-Asset Chart

Magnetic North Acquisition Annual Data

Trend

Sep13

Sep14

Sep15

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Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

LT-Debt-to-Total-Asset

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Magnetic North Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Magnetic North Acquisition LT-Debt-to-Total-Asset Calculation

Magnetic North Acquisition's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0	/	0.554
	=

Magnetic North Acquisition's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	0.35
	=	0.00

Magnetic North Acquisition (TSXV:MNC) 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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Magnetic North Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magnetic North Acquisition Corp (TSXV:MNC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

Magnetic North Acquisition Headlines

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