Nickel 28 Capital (TSXV:NKL) LT-Debt-to-Total-Asset : 0.26 (As of Jul. 2024)

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What is Nickel 28 Capital 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. Nickel 28 Capital's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.26.

Nickel 28 Capital's long-term debt to total assets ratio increased from Jul. 2023 (0.23) to Jul. 2024 (0.26). It may suggest that Nickel 28 Capital is progressively becoming more dependent on debt to grow their business.

Nickel 28 Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital LT-Debt-to-Total-Asset Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

0.56

0.52

0.38

0.22

0.25

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.23	0.25	0.25	0.25	0.26

Nickel 28 Capital LT-Debt-to-Total-Asset Calculation

Nickel 28 Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	47.135	/	190.254
	=

Nickel 28 Capital'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 )
	=	49.682	/	194.609
	=

Nickel 28 Capital (TSXV:NKL) 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.

Nickel 28 Capital LT-Debt-to-Total-Asset Related Terms

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Nickel 28 Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (TSXV:NKL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CONXF:USA 3JC:Germany

Address

666 Burrard Street, Suite 1700, Toronto, ON, CAN, V6C 2X8

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, It manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

Executives

Charles Ian Ross	Director
Edward A. Collery	Director, Director or Senior Officer of 10% Security Holder
Pelham Investment Partners	10% Security Holder
David Edward Whittle	Director
Christopher Wallace	Director, Senior Officer
Anthony Milewski	Director
Justin Cochrane	Senior Officer
Conor Kearns	Senior Officer

Nickel 28 Capital Headlines

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