SPC Nickel (TSXV:SPC) LT-Debt-to-Total-Asset : 0.03 (As of Feb. 2024)

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What is SPC Nickel 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. SPC Nickel's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.03.

SPC Nickel's long-term debt to total assets ratio increased from Feb. 2023 (0.02) to Feb. 2024 (0.03). It may suggest that SPC Nickel is progressively becoming more dependent on debt to grow their business.

SPC Nickel LT-Debt-to-Total-Asset Historical Data

The historical data trend for SPC Nickel'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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SPC Nickel LT-Debt-to-Total-Asset Chart

SPC Nickel Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

0.02

SPC Nickel Quarterly Data
	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												0.02	0.03	0.02	0.03	0.03

SPC Nickel LT-Debt-to-Total-Asset Calculation

SPC Nickel'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 )
	=	0.055	/	2.725
	=

SPC Nickel'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 )
	=	0.038	/	1.325
	=

SPC Nickel (TSXV:SPC) 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.

SPC Nickel LT-Debt-to-Total-Asset Related Terms

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SPC Nickel Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SPCNF:USA

Address

9 - 1351C Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5

Website

https://www.spcnickel.com

SPC Nickel Corp is engaged in the business of exploration of nickel, copper and platinum group metal mineral projects in Ontario. Its exploration properties consist of Aer Kidd Property, Owen Nickel Property, Lockerby East Property, Janes Property and Muskok Property.

Executives

Grant Albert Mourre	Director, Senior Officer
Dundee Corporation	10% Security Holder
Scott Mclean	Director
Olav Langelaar	Director
Joseph Alger Raymond St-jean	Director