Soma Gold (TSXV:SOMA) Debt-to-Asset : 0.42 (As of Dec. 2023)

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What is Soma Gold Debt-to-Asset?

Soma Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.96 Mil. Soma Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$25.34 Mil. Soma Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$74.10 Mil. Soma Gold's debt to asset for the quarter that ended in Dec. 2023 was 0.42.

Soma Gold Debt-to-Asset Historical Data

The historical data trend for Soma 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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Soma Gold Debt-to-Asset Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.48

0.55

0.56

0.42

Soma 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															0.56	0.53	0.43	0.40	0.42

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

For the Gold subindustry, Soma 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.

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

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

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

Soma Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Soma Gold'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
	=	(5.962	+	25.335)	/	74.099
	=	0.42

Soma 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
	=	(5.962	+	25.335)	/	74.099
	=	0.42

Soma Gold (TSXV:SOMA) 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.

Soma Gold Debt-to-Asset Related Terms

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Soma Gold (TSXV:SOMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

Soma Gold (TSXV:SOMA) Headlines

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