Big Red Mining (XCNQ:RED) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2024)

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What is Big Red Mining 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. Big Red Mining's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.00.

Big Red Mining's long-term debt to total assets ratio stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00).

Big Red Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Big Red Mining'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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Big Red Mining LT-Debt-to-Total-Asset Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Big Red Mining LT-Debt-to-Total-Asset Calculation

Big Red Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	0	/	0.999
	=

Big Red Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	0	/	0.932
	=

Big Red Mining (XCNQ:RED) 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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Big Red Mining (XCNQ:RED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (XCNQ:RED) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

K8J:Germany

Address

101 - 17565 58 Avenue, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The Company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

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