Nevgold (TSXV:NAU) Debt-to-Asset : 0.01 (As of Mar. 2024)

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What is Nevgold Debt-to-Asset?

Nevgold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.07 Mil. Nevgold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.13 Mil. Nevgold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$26.88 Mil. Nevgold's debt to asset for the quarter that ended in Mar. 2024 was 0.01.

Nevgold Debt-to-Asset Historical Data

The historical data trend for Nevgold'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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Nevgold Debt-to-Asset Chart

Nevgold Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.03

0.02

0.01

Nevgold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial								0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Nevgold's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Nevgold'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.

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

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

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

Nevgold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nevgold'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
	=	(0.064	+	0.147)	/	22.279
	=	0.01

Nevgold'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
	=	(0.065	+	0.132)	/	26.879
	=	0.01

Nevgold (TSXV:NAU) 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.

Nevgold Debt-to-Asset Related Terms

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

Nevgold (TSXV:NAU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash Projects in Nevada, and the Ptarmigan silver polymetallic project in Southeast British Columbia. The Company operates in one business segment which is exploration and development of resource property in Canada and the US.

Executives

Brandon Gennaro Bonifacio	Senior Officer
Giulio Bonifacio	Director

Nevgold (TSXV:NAU) Headlines

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