GDXRF (Goldex Resources) Debt-to-Asset : 0.91 (As of Sep. 2024)

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What is Goldex Resources Debt-to-Asset?

Goldex Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Goldex Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.89 Mil. Goldex Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $0.99 Mil. Goldex Resources's debt to asset for the quarter that ended in Sep. 2024 was 0.91.

Goldex Resources Debt-to-Asset Historical Data

The historical data trend for Goldex 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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Goldex Resources Debt-to-Asset Chart

Goldex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.91

0.62

0.80

0.72

Goldex Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															1.02	0.72	0.77	0.85	0.91

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

For the Gold subindustry, Goldex 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.

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

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

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

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Goldex Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Goldex Resources'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
	=	(0.001	+	0.717)	/	0.999
	=	0.72

Goldex Resources's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.002	+	0.894)	/	0.985
	=	0.91

Goldex Resources (OTCPK:GDXRF) 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.

Goldex Resources Debt-to-Asset Related Terms

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Goldex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldex Resources Corp (OTCPK:GDXRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

G6T2:Germany GDX:Canada

Address

1120-789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

http://www.goldex.ca

Goldex Resources Corp is engaged in the process of exploring mineral interests. The company is principally involved in the acquisition and exploration of gold exploration and evaluation assets. Some of its properties are El Pato, La Chorrera, etc. Geographically, it operates in Canada and Guatemala and key revenue is generated from Canada.

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