Fury Gold Mines (TSX:FURY) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Fury Gold Mines 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. Fury Gold Mines's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Fury Gold Mines's long-term debt to total assets ratio declined from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Fury Gold Mines is progressively becoming less dependent on debt to grow their business.

Fury Gold Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fury Gold Mines'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.

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Fury Gold Mines LT-Debt-to-Total-Asset Chart

Fury Gold Mines Annual Data

Trend

Jun14

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Dec23

LT-Debt-to-Total-Asset

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Fury Gold Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Fury Gold Mines LT-Debt-to-Total-Asset Calculation

Fury Gold Mines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.074	/	189.175
	=

Fury Gold Mines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.02	/	188.023
	=

Fury Gold Mines (TSX:FURY) 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.

Fury Gold Mines LT-Debt-to-Total-Asset Related Terms

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Fury Gold Mines (TSX:FURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (TSX:FURY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FURY:USA AUN1:Germany

Address

1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.furygoldmines.com

Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Executives

Forrester Clark

Director