Opawica Explorations (TSXV:OPW) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2024)

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What is Opawica Explorations 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. Opawica Explorations's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.00.

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

Opawica Explorations LT-Debt-to-Total-Asset Historical Data

The historical data trend for Opawica Explorations'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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Opawica Explorations LT-Debt-to-Total-Asset Chart

Opawica Explorations Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.03

0.01

Opawica Explorations Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Opawica Explorations LT-Debt-to-Total-Asset Calculation

Opawica Explorations's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	0	/	5.126
	=

Opawica Explorations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	0	/	4.678
	=

Opawica Explorations (TSXV:OPW) 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.

Opawica Explorations LT-Debt-to-Total-Asset Related Terms

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Opawica Explorations (TSXV:OPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Opawica Explorations Inc (TSXV:OPW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OPWEF:USA OE5:Germany

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.opawica.com

Opawica Explorations Inc is a Canadian-based company engaged in the business of exploration and evaluation of mineral properties. The company owns an interest in several properties including, Arrowhead Gold Property, Bazooka East Gold Property, Bazooka West Gold Property, and others.

Executives

Blake Morgan

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Opawica Explorations (TSXV:OPW) Headlines

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