Class 1 Nickel and Technologies (XCNQ:NICO) LT-Debt-to-Total-Asset : 4.49 (As of Mar. 2024)

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What is Class 1 Nickel and Technologies 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. Class 1 Nickel and Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 4.49.

Class 1 Nickel and Technologies's long-term debt to total assets ratio increased from Mar. 2023 (1.93) to Mar. 2024 (4.49). It may suggest that Class 1 Nickel and Technologies is progressively becoming more dependent on debt to grow their business.

Class 1 Nickel and Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Class 1 Nickel and Technologies'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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Class 1 Nickel and Technologies LT-Debt-to-Total-Asset Chart

Class 1 Nickel and Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.23

3.62

Class 1 Nickel and Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														1.93	1.38	1.88	3.62	4.49

Class 1 Nickel and Technologies LT-Debt-to-Total-Asset Calculation

Class 1 Nickel and Technologies'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 )
	=	1.975	/	0.546
	=

Class 1 Nickel and Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2.337	/	0.52
	=

Class 1 Nickel and Technologies (XCNQ:NICO) 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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Class 1 Nickel and Technologies (XCNQ:NICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Class 1 Nickel and Technologies Ltd (XCNQ:NICO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NICLF:USA 77C:Germany

Address

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

Website

https://www.class1nickel.com

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with majority resource growth and near-term mining potential.

Executives

Omar Gonzalez Araujo

Senior Officer

Class 1 Nickel and Technologies (XCNQ:NICO) Headlines

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