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PTX Metals (PTX Metals) Debt-to-Asset : 0.03 (As of Dec. 2023)


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What is PTX Metals Debt-to-Asset?

PTX Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil. PTX Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. PTX Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $6.52 Mil. PTX Metals's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

PTX Metals Debt-to-Asset Historical Data

The historical data trend for PTX Metals's Debt-to-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.

* Premium members only.

PTX Metals Debt-to-Asset Chart

PTX Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.13 0.09 0.03

PTX Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.05 0.06 0.06 0.03

Competitive Comparison of PTX Metals's Debt-to-Asset

For the Gold subindustry, PTX Metals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PTX Metals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PTX Metals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PTX Metals's Debt-to-Asset falls into.


PTX Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PTX Metals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.223 + 0) / 6.524
=0.03

PTX Metals's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.223 + 0) / 6.524
=0.03

* 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.

PTX Metals  (OTCPK:PANXF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

PTX Metals Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of PTX Metals's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

PTX Metals (PTX Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PTX Metals Inc (OTCPK:PANXF) » Definitions » Debt-to-Asset
Comparable Companies
TSXV:RAK TSXV:AERO TSXV:FOR XCNQ:AUOZ XCNQ:NFLD XCNQ:KOG TSXV:BAU TSXV:ONYX TSXV:SIC XCNQ:HWG SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI ASX:NST
Traded in Other Exchanges
9PX:Germany PTX:Canada
Address
807 - 20 William Roe Boulevard, Newmarket, ON, CAN, L3Y 5V6
Website
https://www.platinex.com
Platinex Inc is a Canadian based mining exploration company. It is engaged in the acquisition, exploration, and development of mineral properties for the mining of precious and base metals in Canada. Its projects include Shining Tree Gold, W2 Project and Muskrat.