Sage Potash (TSXV:SAGE) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

Sage Potash's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Sage Potash is progressively becoming more dependent on debt to grow their business.

Sage Potash LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sage Potash'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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Sage Potash LT-Debt-to-Total-Asset Chart

Sage Potash Annual Data

Trend

LT-Debt-to-Total-Asset

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.02	0.02	0.01

Sage Potash LT-Debt-to-Total-Asset Calculation

Sage Potash's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Sage Potash'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 )
	=	0.025	/	1.813
	=

Sage Potash (TSXV:SAGE) 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.

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Sage Potash (TSXV:SAGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sage Potash Corp (TSXV:SAGE) » Definitions » LT-Debt-to-Total-Asset

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SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.