Metalite Resources (XCNQ:METL) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Metalite 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. Metalite Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Metalite Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.39). It may suggest that Metalite Resources is progressively becoming more dependent on debt to grow their business.

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

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

Metalite Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.39

Metalite Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	-	0.16	0.21	0.39

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

Metalite Resources'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 )
	=	0.046	/	0.117
	=

Metalite Resources'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 )
	=	0.046	/	0.117
	=

Metalite Resources (XCNQ:METL) 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.

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

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Metalite Resources (XCNQ:METL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JNCCF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.roogoldinc.com

Metalite Resources Inc is in the exploration for mineral resources in New South Wales, Australia.

Metalite Resources (XCNQ:METL) Headlines

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