RT Minerals (TSXV:RTM) LT-Debt-to-Total-Asset : 0.09 (As of Nov. 2024)

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What is RT 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. RT Minerals's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.09.

RT Minerals's long-term debt to total assets ratio declined from Nov. 2023 (0.13) to Nov. 2024 (0.09). It may suggest that RT Minerals is progressively becoming less dependent on debt to grow their business.

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

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

RT Minerals Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.13

0.09

RT Minerals Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.08	0.14	0.11	0.09

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

RT Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	0.035	/	0.411
	=

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0.035	/	0.411
	=

RT Minerals (TSXV:RTM) 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.

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

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RT Minerals Business Description

Industry

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

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RTMFF:USA

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.rtmcorp.com

RT Minerals Corp is a junior exploration company. The company is engaged in the acquisition, exploration, and evaluation of Battery Metals, Rare Earth Elements, Precious Metals, and Base Metal properties in Canada. The Company's principal mineral properties are all within a 200km radius of Timmins Ontario, Canada.

Executives

William Elston	Director, Senior Officer
Douglas James Andrews	Director
Donald M. Clark	10% Security Holder, Director, Senior Officer
Mark Allen Lofthouse	Director
Sandra Wong	Senior Officer