Newpath Resources (XCNQ:PATH) LT-Debt-to-Total-Asset : 0.00 (As of Jul. 2024)

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

Newpath Resources's long-term debt to total assets ratio declined from Apr. 2023 (0.88) to Jul. 2024 (0.00). It may suggest that Newpath Resources is progressively becoming less dependent on debt to grow their business.

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

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

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

0.62

0.88

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.88	1.21	-	-	-

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

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

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	0	/	1.613
	=

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0	/	1.479
	=

Newpath Resources (XCNQ:PATH) 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.

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

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Newpath Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RDYFF:USA 0MZ:Germany

Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. . Its property include Northshore property, Schreiber Area, and Orefield project.

Executives