Pedro Resources (XCNQ:VBN) LT-Debt-to-Total-Asset : 14.83 (As of Sep. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Pedro 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. Pedro Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 14.83.

Pedro Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (14.83). It may suggest that Pedro Resources is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Pedro 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.

* Premium members only.

Pedro Resources LT-Debt-to-Total-Asset Chart

Pedro Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

Pedro Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	8.84	30.12	14.83

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

Pedro Resources'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	/	0.055
	=

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.534	/	0.036
	=

Pedro Resources (XCNQ:VBN) 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.

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

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

Pedro Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pedro Resources Ltd (XCNQ:VBN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 West Georgia Street, Suite 600, HSBC Building, Vancouver, BC, CAN, V6C 1J9

Website

https://www.pedroresources.com

Pedro Resources Ltd is a Canada-based company, that is engaged in the acquisition, exploration, and development of mineral properties.

Executives

Ronald Mercier	Director
Réjean Gosselin	Director
Wesley Thompson	Director

Pedro Resources Headlines

No Headlines