Gold Lakes (Gold Lakes) Debt-to-Asset : 2.75 (As of Apr. 2017)

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What is Gold Lakes Debt-to-Asset?

Gold Lakes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.28 Mil. Gold Lakes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.00 Mil. Gold Lakes's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Apr. 2017 was $0.10 Mil. Gold Lakes's debt to asset for the quarter that ended in Apr. 2017 was 2.75.

Gold Lakes Debt-to-Asset Historical Data

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

Gold Lakes Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Debt-to-Asset

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1.90

3.98

Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Debt-to-Asset	Get a 7-Day Free Trial															1.13	3.98	5.36	7.08	2.75

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

For the Gold subindustry, Gold Lakes'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.

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

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

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

Gold Lakes Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Gold Lakes's Debt-to-Asset for the fiscal year that ended in Jul. 2016 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.215	+	0)	/	0.054
	=	3.98

Gold Lakes's Debt-to-Asset for the quarter that ended in Apr. 2017 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.275	+	0)	/	0.1
	=	2.75

Gold Lakes (GREY:GLLK) 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.

Gold Lakes Debt-to-Asset Related Terms

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Gold Lakes (Gold Lakes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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