Irving Resources (XCNQ:IRV) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2024)

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What is Irving Resources 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. Irving Resources's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.00.

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

Irving Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Irving Resources'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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Irving Resources LT-Debt-to-Total-Asset Chart

Irving Resources Annual Data

Trend

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Feb24

LT-Debt-to-Total-Asset

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Irving Resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Irving Resources LT-Debt-to-Total-Asset Calculation

Irving Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	0.082	/	50.158
	=

Irving Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0.061	/	50.556
	=

Irving Resources (XCNQ:IRV) 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.

Irving Resources LT-Debt-to-Total-Asset Related Terms

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Irving Resources Business Description

Industry

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

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Traded in Other Exchanges

IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas, and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include the Omu Project, Yamagano Project, and Others.

Executives

Douglas B. Buchanan	Director
Akiko Levinson	Director
Kevin Durell Box	Director
Quinton Todd Hennigh	Director
Lisa Sharp	Senior Officer

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