Headwater Gold (XCNQ:HWG) Debt-to-Asset : 0.03 (As of Nov. 2023)

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What is Headwater Gold Debt-to-Asset?

Headwater Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.18 Mil. Headwater Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.27 Mil. Headwater Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was C$13.80 Mil. Headwater Gold's debt to asset for the quarter that ended in Nov. 2023 was 0.03.

Headwater Gold Debt-to-Asset Historical Data

The historical data trend for Headwater Gold'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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Headwater Gold Debt-to-Asset Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Debt-to-Asset

0.02

0.04

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Asset	Get a 7-Day Free Trial											0.04	0.04	0.02	0.02	0.03

Competitive Comparison of Headwater Gold's Debt-to-Asset

For the Gold subindustry, Headwater Gold'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.

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

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

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

Headwater Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Headwater Gold's Debt-to-Asset for the fiscal year that ended in Feb. 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
	=	(0.142	+	0.193)	/	8.772
	=	0.04

Headwater Gold's Debt-to-Asset for the quarter that ended in Nov. 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
	=	(0.18	+	0.265)	/	13.795
	=	0.03

Headwater Gold (XCNQ:HWG) 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.

Headwater Gold Debt-to-Asset Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

Headwater Gold (XCNQ:HWG) Headlines

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