Marathon Gold (STU:MC8) Debt-to-Asset : 0.42 (As of Sep. 2023)

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What is Marathon Gold Debt-to-Asset?

Marathon Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €3.56 Mil. Marathon Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €244.23 Mil. Marathon Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was €592.12 Mil. Marathon Gold's debt to asset for the quarter that ended in Sep. 2023 was 0.42.

Marathon Gold Debt-to-Asset Historical Data

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

Marathon Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.01

0.06

Marathon Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															-	0.06	0.45	0.41	0.42

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

For the Gold subindustry, Marathon 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.

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

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

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

Marathon Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Marathon Gold's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.964	+	16.609)	/	306.593
	=	0.06

Marathon Gold's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(3.561	+	244.232)	/	592.119
	=	0.42

Marathon Gold (STU:MC8) 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.

Marathon Gold Debt-to-Asset Related Terms

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Marathon Gold (STU:MC8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marathon Gold Corp (STU:MC8) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MGDPF:USA MOZ:Canada

Address

36 Lombard Street, 6th Floor, Suite 600, Toronto, ON, CAN, M5C 2X3

Website

https://www.marathon-gold.com

Marathon Gold Corp is a Canadian gold mining company. It is engaged in the exploration and development of precious and base metal prospects. Its flagship asset, the wholly-owned Valentine Gold Project, is located in Newfoundland and Labrador, Canada. The Project comprises a series of four mineralized deposits along with a 20- kilometer system.

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