Lida Resources (FRA:1CCA) Debt-to-Asset : 6.12 (As of May. 2023)

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What is Lida Resources Debt-to-Asset?

Lida Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was €0.26 Mil. Lida Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was €0.00 Mil. Lida Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in May. 2023 was €0.04 Mil. Lida Resources's debt to asset for the quarter that ended in May. 2023 was 6.12.

Lida Resources Debt-to-Asset Historical Data

The historical data trend for Lida Resources'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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Lida Resources Debt-to-Asset Chart

Lida Resources Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Debt-to-Asset

0.11

6.47

Lida Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Debt-to-Asset	Get a 7-Day Free Trial														5.68	6.47	6.63	6.20	6.12

Competitive Comparison of Lida Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Lida Resources'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.

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

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

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

Lida Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lida Resources's Debt-to-Asset for the fiscal year that ended in Aug. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.233	+	0)	/	0.036
	=	6.47

Lida Resources's Debt-to-Asset for the quarter that ended in May. 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
	=	(0.257	+	0)	/	0.042
	=	6.12

Lida Resources (FRA:1CCA) 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.

Lida Resources Debt-to-Asset Related Terms

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Lida Resources (FRA:1CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lida Resources Inc (FRA:1CCA) » Definitions » Debt-to-Asset

Comparable Companies

XCNQ:SNR TSXV:ANE TSXV:AMMO TSXV:NMG.H TSXV:AFR XCNQ:BLNT TSXV:IBC.H TSXV:RUN.H TSXV:MCA.H BOM:531867

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://lidaresources.minelife.org

Lida Resources Inc is a Canadian mineral exploration and development company focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also owns the Fruta del Sur deposit, with the potential to be one of Peru's most prolific mines.

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