Avarone Metals (XCNQ:AVM.X) Debt-to-Asset : 16.08 (As of Jan. 2024)

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What is Avarone Metals Debt-to-Asset?

Avarone Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.40 Mil. Avarone Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Avarone Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was C$0.03 Mil. Avarone Metals's debt to asset for the quarter that ended in Jan. 2024 was 16.08.

Avarone Metals Debt-to-Asset Historical Data

The historical data trend for Avarone Metals'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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Avarone Metals Debt-to-Asset Chart

Avarone Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Asset

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3.21

2.06

2.53

3.33

8.15

Avarone Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial															5.05	5.25	8.15	9.78	16.08

Competitive Comparison of Avarone Metals's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Avarone Metals'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.

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

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

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

Avarone Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Avarone Metals's Debt-to-Asset for the fiscal year that ended in Jul. 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
	=	(0.383	+	0)	/	0.047
	=	8.15

Avarone Metals's Debt-to-Asset for the quarter that ended in Jan. 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
	=	(0.402	+	0)	/	0.025
	=	16.08

Avarone Metals (XCNQ:AVM.X) 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.

Avarone Metals Debt-to-Asset Related Terms

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Avarone Metals (XCNQ:AVM.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avarone Metals Inc (XCNQ:AVM.X) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

W2U1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

http://www.avarone.com

Avarone Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company operates in one segment.

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