Heritage Mining (XCNQ:HML) Debt-to-Asset : 0.16 (As of Mar. 2024)

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What is Heritage Mining Debt-to-Asset?

Heritage Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.06 Mil. Heritage Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.01 Mil. Heritage Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$0.38 Mil. Heritage Mining's debt to asset for the quarter that ended in Mar. 2024 was 0.16.

Heritage Mining Debt-to-Asset Historical Data

The historical data trend for Heritage Mining'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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Heritage Mining Debt-to-Asset Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.16

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial							-	0.07	0.11	0.16	0.16

Competitive Comparison of Heritage Mining's Debt-to-Asset

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

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

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

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

Heritage Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Heritage Mining'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
	=	(0.072	+	0.014)	/	0.536
	=	0.16

Heritage Mining'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
	=	(0.057	+	0.005)	/	0.38
	=	0.16

Heritage Mining (XCNQ:HML) 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.

Heritage Mining Debt-to-Asset Related Terms

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Heritage Mining (XCNQ:HML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

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