Volt Carbon Technologies (TSXV:VCT) LT-Debt-to-Total-Asset : 0.23 (As of Oct. 2024)

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What is Volt Carbon Technologies 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. Volt Carbon Technologies's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.23.

Volt Carbon Technologies's long-term debt to total assets ratio increased from Oct. 2023 (0.20) to Oct. 2024 (0.23). It may suggest that Volt Carbon Technologies is progressively becoming more dependent on debt to grow their business.

Volt Carbon Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Volt Carbon Technologies'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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Volt Carbon Technologies LT-Debt-to-Total-Asset Chart

Volt Carbon Technologies Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

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0.02

0.25

0.21

0.20

0.23

Volt Carbon Technologies Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.18	0.17	0.23	0.23

Volt Carbon Technologies LT-Debt-to-Total-Asset Calculation

Volt Carbon Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	0.99	/	4.279
	=	0.23

Volt Carbon Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0.99	/	4.279
	=	0.23

Volt Carbon Technologies (TSXV:VCT) 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.

Volt Carbon Technologies LT-Debt-to-Total-Asset Related Terms

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Volt Carbon Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Carbon Technologies Inc (TSXV:VCT) » Definitions » LT-Debt-to-Total-Asset

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TORVF:USA

Address

70 Country Hills Landing NW, Suite 117, Calgary, AB, CAN, T3K 2L2

Website

https://www.voltcarbontech.com

Volt Carbon Technologies Inc is engaged in the exploration of mineral properties. The company has two operating segments. The mineral exploration segment focus on the acquisition and exploration of property interests that are considered potential sites of economic mineralization. The research and development segment focuses on the scientific study and technology applications for air classifier and battery development.

Executives

V-bond Lee	Director
Glen Nursey	Director
William Elmer Pfaffenberger	Director

Volt Carbon Technologies Headlines

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