Nortec Minerals (TSXV:NVT) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Nortec Minerals 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. Nortec Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Nortec Minerals's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Nortec Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nortec Minerals'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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Nortec Minerals LT-Debt-to-Total-Asset Chart

Nortec Minerals Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Nortec Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Nortec Minerals LT-Debt-to-Total-Asset Calculation

Nortec Minerals'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	/	0.349
	=

Nortec Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	0.349
	=

Nortec Minerals (TSXV:NVT) 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.

Nortec Minerals LT-Debt-to-Total-Asset Related Terms

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Nortec Minerals (TSXV:NVT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

700 West Pender Street, Suite 915, Vancouver, BC, CAN, V6C 1G8

Website

https://www.nortecminerals.com

Nortec Minerals Corp is a Canada-based exploration-stage company that is engaged in the acquisition and exploration of mineral properties. The company's projects include Sturgeon Lake VMS, Mattagami River Zinc, and Finland project.