Nevada Copper (TSX:NCU) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Nevada Copper 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. Nevada Copper's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Nevada Copper's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.23). It may suggest that Nevada Copper is progressively becoming less dependent on debt to grow their business.

Nevada Copper LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nevada Copper'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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Nevada Copper LT-Debt-to-Total-Asset Chart

Nevada Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.18

0.32

0.25

Nevada Copper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.23	0.25	0.25	0.23

Nevada Copper LT-Debt-to-Total-Asset Calculation

Nevada Copper'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 )
	=	231.492	/	943.644
	=	0.25

Nevada Copper's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	229.952	/	983.621
	=	0.23

Nevada Copper (TSX:NCU) 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.

Nevada Copper LT-Debt-to-Total-Asset Related Terms

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Nevada Copper (TSX:NCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Copper Corp (TSX:NCU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NEVDF:USA ZYTA:Germany

Address

61 E. Pursel Lane, Yerington, NV, USA, 89447

Website

https://www.nevadacopper.com

Nevada Copper Corp is a Canada-based mining company. It is engaged in the identification, acquisition, exploration, and development of copper and other mineral properties located in the United States. The company has a 100% interest in the Pumpkin Hollow Copper Development Property, situated near Yerington, Nevada.

Executives

Matthew Gili

Director, Senior Officer

Nevada Copper (TSX:NCU) Headlines

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