NioCorp Developments (TSX:NB) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is NioCorp Developments 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. NioCorp Developments's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

NioCorp Developments's long-term debt to total assets ratio declined from Mar. 2023 (0.51) to Mar. 2024 (0.01). It may suggest that NioCorp Developments is progressively becoming less dependent on debt to grow their business.

NioCorp Developments LT-Debt-to-Total-Asset Historical Data

The historical data trend for NioCorp Developments'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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NioCorp Developments LT-Debt-to-Total-Asset Chart

NioCorp Developments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.09

0.03

0.30

0.51

NioCorp Developments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.51	0.01	0.01	0.01

NioCorp Developments LT-Debt-to-Total-Asset Calculation

NioCorp Developments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	14.249	/	27.808
	=

NioCorp Developments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.162	/	23.842
	=

NioCorp Developments (TSX:NB) 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.

NioCorp Developments LT-Debt-to-Total-Asset Related Terms

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NioCorp Developments (TSX:NB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NioCorp Developments Ltd (TSX:NB) » Definitions » LT-Debt-to-Total-Asset

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NB:USA BR30:Germany

Address

7000 South Yosemite Street, Suite 115, Centennial, CO, USA, 80112

Website

https://www.niocorp.com

NioCorp Developments Ltd is a pure play critical minerals project in Nebraska that plans to produce niobium, scandium, titanium, and magnetic rare earths. The Elk Creek Project is the highest-grade Niobium project under development in North America and is the second largest indicated or rare earth Mineral Resource in the United States. All of NioCorp's planned products are designed as critical by the United States Government. All are vital to clean technologies and the global energy transition.

Executives