WAMFF (Western Alaska Minerals) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Western Alaska 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. Western Alaska Minerals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Western Alaska Minerals's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.06). It may suggest that Western Alaska Minerals is progressively becoming less dependent on debt to grow their business.

Western Alaska Minerals LT-Debt-to-Total-Asset Historical Data

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

Western Alaska Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.04

0.08

Western Alaska Minerals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.08	0.08	0.07	0.04	0.06

Western Alaska Minerals LT-Debt-to-Total-Asset Calculation

Western Alaska Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2.594	/	32.079
	=

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2.079	/	36.085
	=

Western Alaska Minerals (OTCPK:WAMFF) 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.

Western Alaska Minerals LT-Debt-to-Total-Asset Related Terms

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Western Alaska Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Alaska Minerals Corp (OTCPK:WAMFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MK71:Germany WAM:Canada

Address

3573 East Sunrise Drive, Suite 233, Tucson, AZ, USA, 85718

Website

https://www.westernalaskaminerals.com

Western Alaska Minerals Corp is engaged in the mineral exploration and development business. The company is focused on exploring the Illinois Creek Mining District in Western Alaska. The group's projects include IC Oxide Gold, Round Top Project, Honker Project, Waterpump Creek and TG North. Its portfolio consists of mineral deposits namely gold, silver, copper, and zinc.