G Mining Ventures (TSX:GMIN) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is G Mining Ventures Debt-to-Asset?

G Mining Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$11.97 Mil. G Mining Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$89.94 Mil. G Mining Ventures's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$830.74 Mil. G Mining Ventures's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

G Mining Ventures Debt-to-Asset Historical Data

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

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Debt-to-Asset

0.06

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.06	0.12

Competitive Comparison of G Mining Ventures's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.

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

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

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

G Mining Ventures Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

G Mining Ventures'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
	=	(10.181	+	33.633)	/	788.465
	=	0.06

G Mining Ventures's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(11.967	+	89.941)	/	830.742
	=	0.12

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures Debt-to-Asset Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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