Auric Minerals (XCNQ:AUMC) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2025)

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What is Auric 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. Auric Minerals's long-term debt to total assests ratio for the quarter that ended in Jan. 2025 was 0.00.

Auric Minerals's long-term debt to total assets ratio declined from Jan. 2024 (0.27) to Jan. 2025 (0.00). It may suggest that Auric Minerals is progressively becoming less dependent on debt to grow their business.

Auric Minerals LT-Debt-to-Total-Asset Historical Data

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

Auric Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

0.19

Auric Minerals Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.27	0.32	0.41	-	-

Auric Minerals LT-Debt-to-Total-Asset Calculation

Auric Minerals'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	/	0.163
	=

Auric Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2025 is calculated as

LT Debt to Total Assets (Q: Jan. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2025 )	/	Total Assets (Q: Jan. 2025 )
	=	0	/	2.926
	=

Auric Minerals (XCNQ:AUMC) 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.

Auric Minerals LT-Debt-to-Total-Asset Related Terms

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Auric Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Auric Minerals Corp (XCNQ:AUMC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

QJ4:Germany

Address

106-482 South Service Road, East, Suite 125, Oakville, ON, CAN, L6J 2X6

Website

Auric Minerals Corp engages in the acquisition, exploration, and evaluation of mineral property interests located in Canada.

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