Tantalex Lithium Resources (XCNQ:TTX) LT-Debt-to-Total-Asset : 0.15 (As of Aug. 2024)

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What is Tantalex Lithium 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. Tantalex Lithium Resources's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.15.

Tantalex Lithium Resources's long-term debt to total assets ratio declined from Aug. 2023 (1.04) to Aug. 2024 (0.15). It may suggest that Tantalex Lithium Resources is progressively becoming less dependent on debt to grow their business.

Tantalex Lithium Resources LT-Debt-to-Total-Asset Historical Data

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

Tantalex Lithium Resources Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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1.16

0.39

Tantalex Lithium Resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.04	0.94	0.39	0.16	0.15

Tantalex Lithium Resources LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	7.47	/	19.112
	=

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	2.932	/	20.277
	=	0.14

Tantalex Lithium Resources (XCNQ:TTX) 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.

Tantalex Lithium Resources LT-Debt-to-Total-Asset Related Terms

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Tantalex Lithium Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tantalex Lithium Resources Corp (XCNQ:TTX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TTLXF:USA DW8:Germany DW8:Germany

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1

Website

https://www.tantalexlithium.com

Tantalex Lithium Resources Corp is a mining exploration and development company. It is engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high-tech mineral properties in Africa. Its projects comprise Manono Tailings, Pegmatite Corridor Exploration, and Titan. It has one operating segment being the sector of exploration and evaluation of mineral resources.

Executives

Simon Matthew Collins	Deemed Insider - 6 Months before becoming Insider
Musk Ventures Ltd.	10% Security Holder
Michel Lebeuf	Senior Officer

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