Reflex Advanced Materials (XCNQ:RFLX) LT-Debt-to-Total-Asset : 0.12 (As of Apr. 2024)

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What is Reflex Advanced Materials 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. Reflex Advanced Materials's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.12.

Reflex Advanced Materials's long-term debt to total assets ratio increased from Apr. 2023 (0.00) to Apr. 2024 (0.12). It may suggest that Reflex Advanced Materials is progressively becoming more dependent on debt to grow their business.

Reflex Advanced Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reflex Advanced Materials'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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Reflex Advanced Materials LT-Debt-to-Total-Asset Chart

Reflex Advanced Materials Annual Data

Trend

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

Reflex Advanced Materials Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	-	-	-	0.12

Reflex Advanced Materials LT-Debt-to-Total-Asset Calculation

Reflex Advanced Materials's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	0	/	2.869
	=

Reflex Advanced Materials's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	0.374	/	3.104
	=

Reflex Advanced Materials (XCNQ:RFLX) 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.

Reflex Advanced Materials LT-Debt-to-Total-Asset Related Terms

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Reflex Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reflex Advanced Materials Corp (XCNQ:RFLX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RFLXF:USA HF2:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.reflexmaterials.com

Reflex Advanced Materials Corp is engaged in the business of mineral exploration in Canada. The company is working to advance its ZigZag Lake Lithium Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario, Canada.

Executives

Dave Bowen

10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

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