Pacific Ridge Exploration (TSXV:PEX) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Pacific Ridge Exploration 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. Pacific Ridge Exploration's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Pacific Ridge Exploration's long-term debt to total assets ratio declined from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Pacific Ridge Exploration is progressively becoming less dependent on debt to grow their business.

Pacific Ridge Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pacific Ridge Exploration'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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Pacific Ridge Exploration LT-Debt-to-Total-Asset Chart

Pacific Ridge Exploration Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Pacific Ridge Exploration 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															-	-	-	-	-

Pacific Ridge Exploration LT-Debt-to-Total-Asset Calculation

Pacific Ridge Exploration'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 )
	=	0.004	/	5.157
	=

Pacific Ridge Exploration'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 )
	=	0	/	6.19
	=

Pacific Ridge Exploration (TSXV:PEX) 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.

Pacific Ridge Exploration LT-Debt-to-Total-Asset Related Terms

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Pacific Ridge Exploration (TSXV:PEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (TSXV:PEX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PEXZF:USA PQWN:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.pacificridgeexploration.com

Pacific Ridge Exploration Ltd is an exploration stage company engaged in the acquisition and exploration of mineral properties in Canada and the United States. The company explores zinc and gold deposits. Its projects portfolio includes White Gold property located in Yukon that includes Mariposa, Gold Cap, and Eureka Dome; Fyre Lake property located in Yukon and Spius property located in British Columbia.

Executives

Salvador Miranda	Senior Officer
Arie Alisen Page	Senior Officer