CopperCorp Resources (TSXV:CPER) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

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

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

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

CopperCorp Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

CopperCorp Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.01	0.01	0.01	-	0.01

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

CopperCorp Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.013	/	6.563
	=

CopperCorp Resources'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 )
	=	0.041	/	5.858
	=

CopperCorp Resources (TSXV:CPER) 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.

CopperCorp Resources LT-Debt-to-Total-Asset Related Terms

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CopperCorp Resources (TSXV:CPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CopperCorp Resources Inc (TSXV:CPER) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CPCPF:USA

Address

550 - 800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.coppercorpinc.com

CopperCorp Resources Inc is engaged in the business of exploration of mineral properties in Australia. Its objective is to explore, locate and potentially develop economic precious and base metals properties of merit. Its project portfolio includes AMC and Skyline projects.

CopperCorp Resources (TSXV:CPER) Headlines

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