Premium Resources (TSXV:PREM) LT-Debt-to-Total-Asset : 0.51 (As of Sep. 2024)

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What is Premium Resources 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. Premium Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.51.

Premium Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.51). It may suggest that Premium Resources is progressively becoming more dependent on debt to grow their business.

Premium Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Premium Resources'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.

* Premium members only.

Premium Resources LT-Debt-to-Total-Asset Chart

Premium Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.24

Premium Resources Quarterly Data
	Dec19	Dec20	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											0.21	0.24	0.25	0.39	0.51

Premium Resources LT-Debt-to-Total-Asset Calculation

Premium Resources'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 )
	=	18.301	/	76.371
	=

Premium Resources'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 )
	=	18.991	/	37.292
	=

Premium Resources (TSXV:PREM) 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.

Premium Resources LT-Debt-to-Total-Asset Related Terms

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Premium Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Resources Ltd (TSXV:PREM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PRMLF:USA R10:Germany

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumresources.com

Premium Nickel Resources Ltd is engaged in the exploration and evaluation of mineral properties in Botswana through its wholly-owned subsidiaries. The principal assets of the company are the Selebi and Selebi North nickel-copper-cobalt ("Ni-Cu-Co") mines (the "Selebi Mines") in Botswana and related infrastructure (together, the "Selebi Assets") , as well as the nickel, copper, cobalt, platinum-group elements ("Ni-Cu-Co-PGE") Selkirk mine (the "Selkirk Mine") in Botswana. It has three geographic segments being Botswana, Greenland and Canada. Key revenue is generated from Canada.

Executives

Richard William Keith Morrison	Director, Senior Officer
Boris Richard Kamstra	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Donald Lee Newberry	Director
Peter Leonard Rawlins	Senior Officer
Sean Michael Whiteford	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
William Michael O'reilly	Director
Mark Christensen	Director
Jason Joseph Leblanc	Director
Sheldon Inwentash	10% Security Holder
Peter Lightfoot	Senior Officer

Premium Resources Headlines

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