Inventus Mining (TSXV:IVS) Debt-to-Asset : 0.13 (As of Sep. 2024)

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What is Inventus Mining Debt-to-Asset?

Inventus Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.04 Mil. Inventus Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Inventus Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$0.27 Mil. Inventus Mining's debt to asset for the quarter that ended in Sep. 2024 was 0.13.

Inventus Mining Debt-to-Asset Historical Data

The historical data trend for Inventus 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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Inventus Mining Debt-to-Asset Chart

Inventus Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.60

0.05

0.08

0.04

0.21

Inventus Mining 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															0.22	0.21	0.13	0.12	0.13

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

For the Gold subindustry, Inventus 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.

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

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

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

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Inventus Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Inventus 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
	=	(0.082	+	0.023)	/	0.492
	=	0.21

Inventus Mining'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
	=	(0.035	+	0)	/	0.274
	=	0.13

Inventus Mining (TSXV:IVS) 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.

Inventus Mining Debt-to-Asset Related Terms

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Inventus Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inventus Mining Corp (TSXV:IVS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GNGXF:USA 3GIA:Germany

Address

82 Richmond Street East, Suite 200, Floor 1, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.inventusmining.com

Inventus Mining Corp is a mineral exploration and development company focused on the mining district of Sudbury, Ontario. Its principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America.

Executives

Glen Alexander Milne	Director
Wesley Emmerson Whymark	Senior Officer
Stephan Michael Seydegart Spears	Director or Senior Officer of 10% Security Holder
Nils Frederik Jonas Engelstad	Director
Endurance Gold Corporation	10% Security Holder

Inventus Mining Headlines

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