Solstice Gold (TSXV:SGC) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is Solstice Gold Debt-to-Asset?

Solstice Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Solstice Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Solstice Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$0.88 Mil. Solstice Gold's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Solstice Gold Debt-to-Asset Historical Data

The historical data trend for Solstice 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.

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Solstice Gold Debt-to-Asset Chart

Solstice Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.10

0.04

Solstice Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															-	-	0.04	0.03	0.05

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

For the Gold subindustry, Solstice 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.

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

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

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

Solstice Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solstice Gold's Debt-to-Asset for the fiscal year that ended in Jun. 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	+	0.04)	/	1.136
	=	0.04

Solstice Gold's Debt-to-Asset for the quarter 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
	=	(0.04	+	0)	/	0.884
	=	0.05

Solstice Gold (TSXV:SGC) 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.

Solstice Gold Debt-to-Asset Related Terms

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Solstice Gold (TSXV:SGC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SGCPF:USA

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.solsticegold.com

Solstice Gold Corp is a gold exploration company. Its material property is the gold project at the Kahuna Property and Red Lake Extension project. .The Company is does exploration of mineral resource properties in Ontario and Nunavut, Canada.

Executives

Martin Edward Tunney

Director, Senior Officer