Newmac Resources (TSXV:NER.H) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Newmac 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. Newmac Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Newmac Resources's long-term debt to total assets ratio declined from Jun. 2023 (1.33) to Jun. 2024 (0.00). It may suggest that Newmac Resources is progressively becoming less dependent on debt to grow their business.

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

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

Newmac Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

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Sep23

LT-Debt-to-Total-Asset

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0.01

1.00

Newmac Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.33	-	-	-	-

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

Newmac Resources'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	/	0.028
	=

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0.044
	=

Newmac Resources (TSXV:NER.H) 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.

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

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Newmac Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmac Resources Inc (TSXV:NER.H) » Definitions » LT-Debt-to-Total-Asset

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Address

601 North Road, Suite 203, Coquitlam, BC, CAN, V3J 1P1

Website

https://www.newmacresources.com

Newmac Resources Inc is a junior exploration company based in Canada. It is involved in the acquisition, exploration, and evaluation of mineral properties located in British Columbia, Canada. The company holds an interest in Crazy Fox Property located in British Columbia. The company's geographic segments are Canada and China.

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