79North (XCNQ:JQ) LT-Debt-to-Total-Asset : 0.56 (As of Feb. 2024)

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What is 79North 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. 79North's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.56.

79North's long-term debt to total assets ratio increased from Feb. 2023 (0.00) to Feb. 2024 (0.56). It may suggest that 79North is progressively becoming more dependent on debt to grow their business.

79North LT-Debt-to-Total-Asset Historical Data

The historical data trend for 79North'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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79North LT-Debt-to-Total-Asset Chart

79North Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

79North Quarterly Data
	Aug19	Nov19	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														-	-	-	-	0.56

79North LT-Debt-to-Total-Asset Calculation

79North'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	/	0.02
	=

79North'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 )
	=	0.015	/	0.027
	=

79North (XCNQ:JQ) 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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79North (XCNQ:JQ) Business Description

Industry

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SVNTF:USA

Address

82 Richmond Street East, Suite 306, Toronto, ON, CAN, M5C 1P1

Website

https://www.79north.ca

79North Inc is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. It holds an interest in the Suriname property. The Company primarily operates in one reportable operating segment, the exploration and evaluation of gold properties in Suriname.

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