StrategX Elements (XCNQ:STGX) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is StrategX Elements 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. StrategX Elements's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

StrategX Elements's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that StrategX Elements is progressively becoming more dependent on debt to grow their business.

StrategX Elements LT-Debt-to-Total-Asset Historical Data

The historical data trend for StrategX Elements'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.

* Premium members only.

StrategX Elements LT-Debt-to-Total-Asset Chart

StrategX Elements Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

StrategX Elements Quarterly Data
	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									-	-	-	0.01	0.01

StrategX Elements LT-Debt-to-Total-Asset Calculation

StrategX Elements'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 )
	=	0.031	/	2.582
	=

StrategX Elements'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 )
	=	0.022	/	2.567
	=

StrategX Elements (XCNQ:STGX) 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.

StrategX Elements LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of StrategX Elements's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

StrategX Elements (XCNQ:STGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » StrategX Elements Corp (XCNQ:STGX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Water Street, Suite 514, Vancouver, BC, CAN, V6B 1A1

Website

https://www.strategxcorp.com

StrategX Elements Corp X is engaged in the acquisition, exploration, and development of mineral resource properties. The company owns properties in the Northwest Territories and Nunavut, Canada. Its principal property is the 939 Property located in the Northwest Territories.

Executives

Darren Greg Bahrey

Senior Officer

StrategX Elements (XCNQ:STGX) Headlines

No Headlines