Zimtu Capital (TSXV:ZC) LT-Debt-to-Total-Asset : 0.01 (As of Aug. 2024)

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What is Zimtu Capital 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. Zimtu Capital's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.01.

Zimtu Capital's long-term debt to total assets ratio declined from Aug. 2023 (0.01) to Aug. 2024 (0.01). It may suggest that Zimtu Capital is progressively becoming less dependent on debt to grow their business.

Zimtu Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zimtu Capital'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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Zimtu Capital LT-Debt-to-Total-Asset Chart

Zimtu Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

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Nov23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

Zimtu Capital Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.03	0.03	0.02	0.01

Zimtu Capital LT-Debt-to-Total-Asset Calculation

Zimtu Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0.355	/	11.837
	=	0.03

Zimtu Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0.157	/	13.797
	=	0.01

Zimtu Capital (TSXV:ZC) 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.

Zimtu Capital LT-Debt-to-Total-Asset Related Terms

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Zimtu Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Zimtu Capital Corp (TSXV:ZC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZTMUF:USA ZCT1:Germany

Address

789 West Pender Street, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.zimtu.com

Zimtu Capital Corp is an investment company. It is engaged in the business of investments in junior resource companies, acquisitions and dispositions, and the provision of management services. The company's business is located in Canada. Its segments are Investment in mineral properties, Corporate and Management services. It derives revenue from Management services.

Executives

Kevin Bottomley	Director
Sean Charland	Director
David Hodge	Director, Senior Officer

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