Spark Energy Minerals (XCNQ:SPRK) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is Spark Energy 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. Spark Energy Minerals's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

Spark Energy Minerals's long-term debt to total assets ratio stayed the same from Jan. 2023 (0.00) to Jan. 2024 (0.00).

Spark Energy Minerals LT-Debt-to-Total-Asset Historical Data

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

Spark Energy Minerals Annual Data

Trend

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LT-Debt-to-Total-Asset

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Spark Energy Minerals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Spark Energy Minerals LT-Debt-to-Total-Asset Calculation

Spark Energy Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0	/	6.613
	=

Spark Energy Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0	/	9.27
	=

Spark Energy Minerals (XCNQ:SPRK) 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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Spark Energy Minerals (XCNQ:SPRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spark Energy Minerals Inc (XCNQ:SPRK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTEHF:USA 8PC:Germany 8PC:Germany

Address

595 Howe Street, Suite 702, Vancouver, BC, CAN, V6C 2T5

Website

https://www.sparkenergyminerals.com

Spark Energy Minerals Inc is in the business of acquisition, exploration and evaluation of a mineral property. It is a Canadian company pursuing battery metals and mineral assets with newly acquired interests in Brazil and Canada. It also holds interests in prospective gold assets in Canada as a result of previous acquisitions in the precious metals space.

Executives

Nicholas Watters

10% Security Holder

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