Prime Mining (Prime Mining) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Prime Mining Debt-to-Asset?

Prime Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Prime Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Prime Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $35.71 Mil. Prime Mining's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Prime Mining Debt-to-Asset Historical Data

The historical data trend for Prime Mining'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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Prime Mining Debt-to-Asset Chart

Prime Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Debt-to-Asset

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0.05

0.14

Prime Mining Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.01	-	0.01	-	-

Competitive Comparison of Prime Mining's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Prime Mining'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.

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

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

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

Prime Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prime Mining'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
	=	(0.03	+	0.064)	/	35.71
	=	0.00

Prime Mining's Debt-to-Asset for the quarter 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
	=	(0.03	+	0.064)	/	35.71
	=	0.00

Prime Mining (OTCPK:PRMNF) 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.

Prime Mining Debt-to-Asset Related Terms

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Prime Mining (Prime Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

O4V3:Germany PRYM:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.primeminingcorp.ca

Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals. The company's projects include Los Reyes; Magenta and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.