RFHRF (Renforth Resources) Debt-to-Asset : 0.00 (As of Sep. 2024)

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What is Renforth Resources Debt-to-Asset?

Renforth Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Renforth Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Renforth Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $0.18 Mil. Renforth Resources's debt to asset for the quarter that ended in Sep. 2024 was 0.00.

Renforth Resources Debt-to-Asset Historical Data

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

Renforth Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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Renforth 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															-	-	-	-	-

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

For the Gold subindustry, Renforth 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.

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

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

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

Renforth Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Renforth 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	+	0)	/	0.492
	=	0.00

Renforth 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	+	0)	/	0.184
	=	0.00

Renforth Resources (OTCPK:RFHRF) 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.

Renforth Resources Debt-to-Asset Related Terms

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Renforth Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renforth Resources Inc (OTCPK:RFHRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

9RR:Germany RFR:Canada

Address

955 Brock Road, Unit 1B, Pickering, ON, CAN, L1W 2X9

Website

https://www.renforthresources.com

Renforth Resources Inc is a mineral exploration company mainly engaged in the acquisition, exploration, and development of mineral properties in Canada. It explores gold and it holds an interest in properties such as the Parbec Gold Project, Malartic West, Nixon Bartleman Property, and Bousquet property.