First Helium (TSXV:HELI) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is First Helium Debt-to-Asset?

First Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.08 Mil. First Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. First Helium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$16.64 Mil. First Helium's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

First Helium Debt-to-Asset Historical Data

The historical data trend for First Helium's Debt-to-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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First Helium Debt-to-Asset Chart

First Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

0.49

0.16

0.01

First Helium Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial											0.01	0.01	0.01	0.01	0.01

Competitive Comparison of First Helium's Debt-to-Asset

For the Chemicals subindustry, First Helium's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Helium's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, First Helium's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where First Helium's Debt-to-Asset falls into.

First Helium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

First Helium's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.08	+	0.061)	/	17.066
	=	0.01

First Helium's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.082	+	0)	/	16.637
	=	0.00

First Helium (TSXV:HELI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

First Helium Debt-to-Asset Related Terms

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First Helium (TSXV:HELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » First Helium Inc (TSXV:HELI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FHELF:USA 2MC:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.firsthelium.com

First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

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