Rover Critical Minerals (TSXV:ROVR) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Rover Critical 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. Rover Critical Minerals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Rover Critical Minerals's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Mar. 2024 (0.01). It may suggest that Rover Critical Minerals is progressively becoming less dependent on debt to grow their business.

Rover Critical Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rover Critical 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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Rover Critical Minerals LT-Debt-to-Total-Asset Chart

Rover Critical Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Rover Critical Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Rover Critical Minerals LT-Debt-to-Total-Asset Calculation

Rover Critical 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 )
	=	0.04	/	5.11
	=

Rover Critical Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.029	/	4.978
	=

Rover Critical Minerals (TSXV:ROVR) 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.

Rover Critical Minerals LT-Debt-to-Total-Asset Related Terms

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Rover Critical Minerals (TSXV:ROVR) Business Description

Industry

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

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Traded in Other Exchanges

ROVMF:USA 4XO0:Germany

Address

938 Howe Street, Suite 908, Vancouver, BC, CAN, V6Z 1N9

Website

https://www.rovermetals.com

Rover Metals Corp is a Canadian natural resource exploration company specializing in precious metal resources located in North America. The company is focused on gold exploration. Its projects include Up Town Gold Property, Cabin Lake Property, Tobin Gold Property, and Camp and Slemon Gold Properties.

Executives

Richard Judson Culter

10% Security Holder, Director, Senior Officer