Nio Strategic Metals (TSXV:NIO) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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

Nio Strategic Metals's long-term debt to total assets ratio declined from Sep. 2023 (0.31) to Sep. 2024 (0.00). It may suggest that Nio Strategic Metals is progressively becoming less dependent on debt to grow their business.

Nio Strategic Metals LT-Debt-to-Total-Asset Historical Data

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

Nio Strategic Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.19

0.22

Nio Strategic Metals 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															0.31	-	-	-	-

Nio Strategic Metals LT-Debt-to-Total-Asset Calculation

Nio Strategic Metals'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	/	1.906
	=	0.00

Nio Strategic Metals'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	/	1.512
	=	0.00

Nio Strategic Metals (TSXV:NIO) 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.

Nio Strategic Metals LT-Debt-to-Total-Asset Related Terms

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Nio Strategic Metals Business Description

Industry

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

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NIOCF:USA

Address

1, Place Ville-Marie, Suite 1670, Montreal, QC, CAN, H3B 2B6

Website

https://www.niostratmet.com

Nio Strategic Metals Inc is a development-stage exploration company based in Canada. The principal business activity of the company is mineral exploration and development properties in the province of Quebec. It owns an interest in Oka Niobium Project and Great Whale Iron Project.

Executives