Abcourt Mines (TSXV:ABI) Debt-to-Asset : 0.05 (As of Dec. 2024)

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What is Abcourt Mines Debt-to-Asset?

Abcourt Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.93 Mil. Abcourt Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.06 Mil. Abcourt Mines's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was C$18.12 Mil. Abcourt Mines's debt to asset for the quarter that ended in Dec. 2024 was 0.05.

Abcourt Mines Debt-to-Asset Historical Data

The historical data trend for Abcourt Mines'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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Abcourt Mines Debt-to-Asset Chart

Abcourt Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.06

0.20

0.11

0.09

Abcourt Mines 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															0.11	0.10	0.09	0.07	0.05

Competitive Comparison of Abcourt Mines's Debt-to-Asset

For the Gold subindustry, Abcourt Mines'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.

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

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

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

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Abcourt Mines Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Abcourt Mines's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(1.134	+	0.181)	/	14.064
	=	0.09

Abcourt Mines'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
	=	(0.93	+	0.055)	/	18.119
	=	0.05

Abcourt Mines (TSXV:ABI) 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.

Abcourt Mines Debt-to-Asset Related Terms

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

Abcourt Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (TSXV:ABI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ABMBF:USA AML:Germany

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

https://www.abcourt.ca

Abcourt Mines Inc is engaged in the acquisition, exploration and evaluation, development, and operation of mining properties in Canada, predominantly gold. The company holds an interest in projects like the Sleeping Giant Mine, the Elder Mine and the Tagami property, Discovery, Flordin, Aldermac, Jonpol, and the Pershing-Manitou property among others.

Executives

Francois Joseph Pierre Marie Mestrallet	10% Security Holder, Director
Pascal Hamelin	Director, Senior Officer
Christine Lefebvre	Senior Officer
Normand Hinse	Director
Loïc Bureau	Director
DÉcochib	10% Security Holder
Renaud Hinse	10% Security Holder

Abcourt Mines Headlines

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