Cannon Resources (ASX:CNR) Debt-to-Asset : 0.00 (As of Dec. 2021)

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What is Cannon Resources Debt-to-Asset?

Cannon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.00 Mil. Cannon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.00 Mil. Cannon Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2021 was A$15.31 Mil. Cannon Resources's debt to asset for the quarter that ended in Dec. 2021 was 0.00.

Cannon Resources Debt-to-Asset Historical Data

The historical data trend for Cannon Resources's Debt-to-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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Cannon Resources Debt-to-Asset Chart

Cannon Resources Annual Data

Trend

Jun22

Debt-to-Asset

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Debt-to-Asset	-	-

Competitive Comparison of Cannon Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Cannon Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cannon Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cannon Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Cannon Resources's Debt-to-Asset falls into.

Cannon Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cannon Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	12.649
	=	0.00

Cannon Resources's Debt-to-Asset for the quarter that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	15.305
	=	0.00

Cannon Resources (ASX:CNR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Cannon Resources Debt-to-Asset Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.