Radio Fuels Energy (XCNQ:CAKE) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2024)

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What is Radio Fuels Energy 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. Radio Fuels Energy's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.00.

Radio Fuels Energy's long-term debt to total assets ratio stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00).

Radio Fuels Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Radio Fuels Energy'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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Radio Fuels Energy LT-Debt-to-Total-Asset Chart

Radio Fuels Energy Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

Radio Fuels Energy Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												-	-	-	-	-

Radio Fuels Energy LT-Debt-to-Total-Asset Calculation

Radio Fuels Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0	/	20.607
	=

Radio Fuels Energy'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	/	16.539
	=

Radio Fuels Energy (XCNQ:CAKE) 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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Radio Fuels Energy (XCNQ:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Radio Fuels Energy Corp (XCNQ:CAKE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CKEFF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.radiofuels.ca

Radio Fuels Energy Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests and in the exploration of, mineral resource properties. Radio Fuel's flagship property is owned by Eco Ridge Project located in Elliot Lake pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines.

Executives

Philip O'neill

Director, Senior Officer