Pan American Energy (Pan American Energy) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Pan American Energy 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. Pan American Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Pan American Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Pan American Energy is progressively becoming less dependent on debt to grow their business.

Pan American Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pan American Energy'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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Pan American Energy LT-Debt-to-Total-Asset Chart

Pan American Energy Annual Data

Trend

Apr07

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Apr09

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Apr11

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Apr21

Mar22

Mar23

LT-Debt-to-Total-Asset

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2.43

0.02

Pan American Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Apr21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Pan American Energy LT-Debt-to-Total-Asset Calculation

Pan American Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.126	/	7.734
	=

Pan American Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.136	/	15.267
	=

Pan American Energy (OTCPK:PAANF) 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.

Pan American Energy LT-Debt-to-Total-Asset Related Terms

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Pan American Energy (Pan American Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Energy Corp (OTCPK:PAANF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SS60:Germany

Address

521 3rd Avenue SW, Suite 100, Calgary, AB, CAN, T2P 3T3

Website

https://www.panam-energy.com

Pan American Energy Corp is a North American mining exploration company engaged in the business of expanding the boundaries of the lithium supply chain through the acquisition, exploration and development of mineral properties. The company has a diversified asset base in Canada and the USA including hard rock lithium (Ontario) and claystone lithium (Nevada).