Omega Pacific Resources (XCNQ:OMGA) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is Omega Pacific Resources 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. Omega Pacific Resources's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

Omega Pacific Resources's long-term debt to total assets ratio stayed the same from . 20 (0.00) to Jan. 2024 (0.00).

Omega Pacific Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Omega Pacific Resources'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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Omega Pacific Resources LT-Debt-to-Total-Asset Chart

Omega Pacific Resources Annual Data

Trend

Oct22

LT-Debt-to-Total-Asset

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
LT-Debt-to-Total-Asset	-	-	-	-

Omega Pacific Resources LT-Debt-to-Total-Asset Calculation

Omega Pacific Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

LT Debt to Total Assets (A: Oct. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2022 )	/	Total Assets (A: Oct. 2022 )
	=	0	/	0.533
	=

Omega Pacific Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0	/	0.422
	=

Omega Pacific Resources (XCNQ:OMGA) 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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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.