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Kinross Gold (TSX:K) Debt-to-Asset : 0.13 (As of Dec. 2024)


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What is Kinross Gold Debt-to-Asset?

Kinross Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$285 Mil. Kinross Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$1,760 Mil. Kinross Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was C$15,480 Mil. Kinross Gold's debt to asset for the quarter that ended in Dec. 2024 was 0.13.

Kinross Gold Debt-to-Asset Historical Data

The historical data trend for Kinross Gold'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.

* Premium members only.

Kinross Gold Debt-to-Asset Chart

Kinross Gold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.16 0.25 0.21 0.13

Kinross Gold Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.21 0.19 0.16 0.13

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

For the Gold subindustry, Kinross Gold'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.

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

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

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


Kinross Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kinross Gold's Debt-to-Asset for the fiscal year that ended in Dec. 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
=(284.798 + 1760.217) / 15480.22
=0.13

Kinross Gold's Debt-to-Asset for the quarter that ended in Dec. 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
=(284.798 + 1760.217) / 15480.22
=0.13

* 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.

Kinross Gold  (TSX:K) 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.

Kinross Gold Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Kinross Gold's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Kinross Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (TSX:K) » Definitions » Debt-to-Asset
Comparable Companies
TSX:AGI TSX:PAAS TSX:LUG TSX:BTO TSX:OR TSX:IMG TSX:EQX TSX:ELD TSXV:ARTG TSX:NGD SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV MIC:PLZL JSE:GFI AU SHSE:600547
Traded in Other Exchanges
KGC:USA KGC:Mexico 0R2D:UK KIN2:Germany KGC:Argentina
Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Website
https://www.kinross.com
Kinross Gold is a Canada-based gold producer, producing roughly 2.1 million gold equivalent ounces in 2024. The company had about a decade of gold reserves at the end of 2024. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve.
Executives
Michael A. Lewis Director
George Vincent Albino Director
George Nickolas Paspalas Director
Geoffrey Peters Gold Senior Officer
Jonathan Paul Rollinson Director, Senior Officer
Claude J.s. Schimper Senior Officer
William D. Dunford Senior Officer
Laurence Davies Senior Officer
David C. Shaver Senior Officer
Kathleen M. Grandy Senior Officer
Nathan M. Longenecker Senior Officer
Michiel Van Akkooi Senior Officer
Andrea Susan Freeborough Senior Officer
Michel Sylvestre Senior Officer
Graeme M. Davis Senior Officer