Continental Gold (Continental Gold) LT-Debt-to-Total-Asset : 0.51 (As of Sep. 2019)

View and export this data going back to 2010. Start your Free Trial

What is Continental Gold 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. Continental Gold's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.51.

Continental Gold's long-term debt to total assets ratio increased from Sep. 2018 (0.32) to Sep. 2019 (0.51). It may suggest that Continental Gold is progressively becoming more dependent on debt to grow their business.

Continental Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Continental Gold'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.

* Premium members only.

Continental Gold LT-Debt-to-Total-Asset Chart

Continental Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.10

0.37

Continental Gold Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.37	0.60	0.55	0.51

Continental Gold LT-Debt-to-Total-Asset Calculation

Continental Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	266.813	/	717.023
	=

Continental Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	375.381	/	743.519
	=

Continental Gold (OTCPK:CGOOF) 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.

Continental Gold LT-Debt-to-Total-Asset Related Terms

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

Continental Gold (Continental Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Continental Gold Inc (OTCPK:CGOOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

155 Wellington Street West, Suite 2920, Toronto, ON, CAN, M5V 3H1

Website

http://www.continentalgold.com

Continental Gold Inc is a gold mining company. It acquires, explores and develops mineral properties in Colombia. Its Buritica project is a high-grade gold deposit located northwest from Medellin, Colombia. located in the Antioquia Department, north of Medellin. The principal activity from which the company generates revenue is from gold bullion sales, including pre-production revenues, to third parties.

Continental Gold (Continental Gold) Headlines

From GuruFocus

Uptick Newswire Hosts Continental Gold Inc. on The Stock Day Podcast to Discuss Upcoming Commercial Production

By Marketwired Marketwired • 05-08-2019

Continental Gold Provides Construction Update

By GlobeNewswire GlobeNewswire • 04-10-2018