ACME Lithium (XCNQ:ACME) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is ACME Lithium 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. ACME Lithium's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

ACME Lithium's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that ACME Lithium is progressively becoming more dependent on debt to grow their business.

ACME Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for ACME Lithium'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.

* Premium members only.

ACME Lithium LT-Debt-to-Total-Asset Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

7.20

0.01

ACME Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

ACME Lithium LT-Debt-to-Total-Asset Calculation

ACME Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.138	/	13.047
	=

ACME Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.13	/	12.737
	=

ACME Lithium (XCNQ:ACME) 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.

ACME Lithium LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of ACME Lithium's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

ACME Lithium (XCNQ:ACME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (XCNQ:ACME) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ACLHF:USA

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

ACME Lithium (XCNQ:ACME) Headlines

No Headlines