Amerigo Resources (TSX:ARG) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is Amerigo Resources Debt-to-Asset?

Amerigo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$13.8 Mil. Amerigo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$14.0 Mil. Amerigo Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$267.7 Mil. Amerigo Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

Amerigo Resources Debt-to-Asset Historical Data

The historical data trend for Amerigo Resources'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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Amerigo Resources Debt-to-Asset Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.27

0.25

0.13

0.11

0.10

Amerigo Resources 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															0.11	0.11	0.09	0.10	0.10

Competitive Comparison of Amerigo Resources's Debt-to-Asset

For the Copper subindustry, Amerigo Resources'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.

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

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

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

Amerigo Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Amerigo Resources'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
	=	(13.823	+	13.966)	/	267.728
	=	0.10

Amerigo Resources'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
	=	(13.823	+	13.966)	/	267.728
	=	0.10

Amerigo Resources (TSX:ARG) 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.

Amerigo Resources Debt-to-Asset Related Terms

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Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

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