Slave Lake Zinc (XCNQ:SLZ) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Slave Lake Zinc 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. Slave Lake Zinc's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Slave Lake Zinc's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.21). It may suggest that Slave Lake Zinc is progressively becoming more dependent on debt to grow their business.

Slave Lake Zinc LT-Debt-to-Total-Asset Historical Data

The historical data trend for Slave Lake Zinc'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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Slave Lake Zinc LT-Debt-to-Total-Asset Chart

Slave Lake Zinc Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.56

0.18

Slave Lake Zinc Quarterly Data
	Jun19	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															0.15	0.17	0.18	0.20	0.21

Slave Lake Zinc LT-Debt-to-Total-Asset Calculation

Slave Lake Zinc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.15	/	0.818
	=

Slave Lake Zinc'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 )
	=	0.15	/	0.71
	=

Slave Lake Zinc (XCNQ:SLZ) 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.

Slave Lake Zinc LT-Debt-to-Total-Asset Related Terms

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Slave Lake Zinc (XCNQ:SLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slave Lake Zinc Corp (XCNQ:SLZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SLZNF:USA

Address

207 St. Patrick's Avenue, North Vancouver, Vancouver, BC, CAN, V7L 3N3

Website

http://www.zinccorp.ca

Slave Lake Zinc Corp is a Canadian mineral exploration company. The company is engaged in acquiring and exploring mineral properties and holds an interest in the O'Connor Lake Property in the South Slave Mining District of the Northwest Territories.

Executives

Ritchie John Wigham

10% Security Holder, Director, Senior Officer