Lovitt Resources (TSXV:LRC.H) Debt-to-Asset : 1.39 (As of Mar. 2023)

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What is Lovitt Resources Debt-to-Asset?

Lovitt Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$2.01 Mil. Lovitt Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil. Lovitt Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was C$1.45 Mil. Lovitt Resources's debt to asset for the quarter that ended in Mar. 2023 was 1.39.

Lovitt Resources Debt-to-Asset Historical Data

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

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Debt-to-Asset

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1.10

1.36

1.37

1.39

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial															1.25	1.39	1.43	1.46	1.39

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

For the Gold subindustry, Lovitt 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.

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

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

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

Lovitt Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lovitt Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.823	+	0)	/	1.312
	=	1.39

Lovitt Resources's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(2.009	+	0)	/	1.448
	=	1.39

Lovitt Resources (TSXV:LRC.H) 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.

Lovitt Resources Debt-to-Asset Related Terms

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Lovitt Resources (TSXV:LRC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

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