Red Eagle Mining (TSX:R) Debt-to-Asset : 0.73 (As of Jun. 2018)

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What is Red Eagle Mining Debt-to-Asset?

Red Eagle Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was C$109.77 Mil. Red Eagle Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was C$0.00 Mil. Red Eagle Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2018 was C$151.22 Mil. Red Eagle Mining's debt to asset for the quarter that ended in Jun. 2018 was 0.73.

Red Eagle Mining Debt-to-Asset Historical Data

The historical data trend for Red Eagle Mining'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.

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Red Eagle Mining Debt-to-Asset Chart

Red Eagle Mining Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Asset

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0.31

0.53

0.44

Red Eagle Mining Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Debt-to-Asset	Get a 7-Day Free Trial															0.49	0.44	0.44	0.45	0.73

Competitive Comparison of Red Eagle Mining's Debt-to-Asset

For the Gold subindustry, Red Eagle Mining'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.

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

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

* The bar in red indicates where Red Eagle Mining's Debt-to-Asset falls into.

Red Eagle Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Red Eagle Mining's Debt-to-Asset for the fiscal year that ended in Dec. 2017 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(19.692	+	72.704)	/	211.098
	=	0.44

Red Eagle Mining's Debt-to-Asset for the quarter that ended in Jun. 2018 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(109.77	+	0)	/	151.22
	=	0.73

Red Eagle Mining (TSX:R) 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.

Red Eagle Mining Debt-to-Asset Related Terms

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Red Eagle Mining (TSX:R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Eagle Mining Corp (TSX:R) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 2348, Vancouver, BC, CAN, V6C 2X8

Website

http://www.redeaglemining.com

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.