Aloro Mining (TSXV:AORO) Debt-to-Asset : 0.08 (As of Mar. 2024)

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What is Aloro Mining Debt-to-Asset?

Aloro Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.12 Mil. Aloro Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Aloro Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$1.53 Mil. Aloro Mining's debt to asset for the quarter that ended in Mar. 2024 was 0.08.

Aloro Mining Debt-to-Asset Historical Data

The historical data trend for Aloro 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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Aloro Mining Debt-to-Asset Chart

Aloro Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.11

0.10

0.08

Aloro Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.11	0.09	0.07	0.08	0.08

Competitive Comparison of Aloro Mining's Debt-to-Asset

For the Gold subindustry, Aloro 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.

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

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

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

Aloro Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Aloro Mining'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
	=	(0.115	+	0)	/	1.53
	=	0.08

Aloro Mining's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.117	+	0)	/	1.525
	=	0.08

Aloro Mining (TSXV:AORO) 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.

Aloro Mining Debt-to-Asset Related Terms

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Aloro Mining (TSXV:AORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aloro Mining Corp (TSXV:AORO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

WLRMF:USA

Address

No. 250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.aloromining.com

Aloro Mining Corp is a Canada-based gold exploration company. Its business is the acquisition, exploration, and development of its mineral interest in Mexico. The company has focused on finding and developing economic mineral deposits. Its project portfolio includes Quitovac Mine Project and Los Venados Project.

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