Ucore Rare Metals (Ucore Rare Metals) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Ucore Rare Metals 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. Ucore Rare Metals's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Ucore Rare Metals's long-term debt to total assets ratio declined from Jun. 2022 (0.03) to Sep. 2023 (0.02). It may suggest that Ucore Rare Metals is progressively becoming less dependent on debt to grow their business.

Ucore Rare Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ucore Rare Metals'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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Ucore Rare Metals LT-Debt-to-Total-Asset Chart

Ucore Rare Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.06

0.03

0.07

0.05

0.04

Ucore Rare Metals Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.04	0.02	0.02

Ucore Rare Metals LT-Debt-to-Total-Asset Calculation

Ucore Rare Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.608	/	39.191
	=

Ucore Rare Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.771	/	42.349
	=

Ucore Rare Metals (OTCPK:UURAF) 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.

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Ucore Rare Metals (Ucore Rare Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ucore Rare Metals Inc (OTCPK:UURAF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

U9U:Germany UCU:Canada

Address

210 Waterfront Drive, Suite 106, Halifax, NS, CAN, B4A 0H3

Website

https://www.ucore.com

Ucore Rare Metals Inc is engaged in REE resource development and in commercializing, Innovation Metals Corp.'s (its wholly-owned subsidiary) critical metals separation technology, RapidSX, for the mining/metals extraction industry guided by the principles of ESG. The company provides separation and mining services. The firm is also developing its Bokan Mountain HREE resource located near Ketchikan.