Almaden Minerals (LTS:0UH8) Debt-to-Asset : 0.06 (As of Sep. 2023)

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What is Almaden Minerals Debt-to-Asset?

Almaden Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.10 Mil. Almaden Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$4.63 Mil. Almaden Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was C$76.62 Mil. Almaden Minerals's debt to asset for the quarter that ended in Sep. 2023 was 0.06.

Almaden Minerals Debt-to-Asset Historical Data

The historical data trend for Almaden Minerals'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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Almaden Minerals Debt-to-Asset Chart

Almaden Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.04

0.06

0.37

Almaden Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.06	0.37

Competitive Comparison of Almaden Minerals's Debt-to-Asset

For the Gold subindustry, Almaden Minerals'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.

Almaden Minerals's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Almaden Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Almaden Minerals's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.088	+	4.307)	/	78.05
	=	0.06

Almaden Minerals's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.097	+	4.629)	/	76.617
	=	0.06

Almaden Minerals (LTS:0UH8) 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.

Almaden Minerals Debt-to-Asset Related Terms

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Almaden Minerals (LTS:0UH8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almaden Minerals Ltd (LTS:0UH8) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AAU:USA AAU:Mexico A4E1:Germany AMM:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.almadenminerals.com

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.

Almaden Minerals (LTS:0UH8) Headlines

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