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

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What is Cannon 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. Cannon Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.00.

Cannon Resources's long-term debt to total assets ratio stayed the same from . 20 (0.00) to Dec. 2021 (0.00).

Cannon Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cannon 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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Cannon Resources LT-Debt-to-Total-Asset Chart

Cannon Resources Annual Data

Trend

Jun22

LT-Debt-to-Total-Asset

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

Cannon Resources LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	0	/	12.649
	=

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

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	0	/	15.305
	=

Cannon Resources (ASX:CNR) 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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Cannon Resources (ASX:CNR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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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.