Heritage Mining (XCNQ:HML) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Heritage Mining 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. Heritage Mining's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Heritage Mining's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.00). It may suggest that Heritage Mining is progressively becoming less dependent on debt to grow their business.

Heritage Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heritage Mining'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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Heritage Mining LT-Debt-to-Total-Asset Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.02	0.02	0.03	0.01	-

Heritage Mining LT-Debt-to-Total-Asset Calculation

Heritage Mining'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 )
	=	0.014	/	0.536
	=

Heritage Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0.832
	=

Heritage Mining (XCNQ:HML) 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.

Heritage Mining LT-Debt-to-Total-Asset Related Terms

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Heritage Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

Y66:Germany

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining Headlines

No Headlines