GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldMining Inc (TSX:GOLD) » Definitions » Long-Term Debt & Capital Lease Obligation

GoldMining (TSX:GOLD) Long-Term Debt & Capital Lease Obligation : C$0.32 Mil (As of Aug. 2024)


View and export this data going back to 2011. Start your Free Trial

What is GoldMining Long-Term Debt & Capital Lease Obligation?

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. GoldMining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.32 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. GoldMining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.32 Mil. GoldMining's Total Assets for the quarter that ended in Aug. 2024 was C$121.52 Mil. GoldMining's LT-Debt-to-Total-Asset for the quarter that ended in Aug. 2024 was 0.00.

GoldMining's LT-Debt-to-Total-Asset stayed the same from Aug. 2023 (0.00) to Aug. 2024 (0.00).


GoldMining Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for GoldMining's Long-Term Debt & Capital Lease Obligation 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.

* Premium members only.

GoldMining Long-Term Debt & Capital Lease Obligation Chart

GoldMining Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Long-Term Debt & Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.05 0.11 0.16 0.33

GoldMining Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Long-Term Debt & Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.33 0.31 0.34 0.32

GoldMining Long-Term Debt & Capital Lease Obligation Calculation

Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.

Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.

The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.

A company's long term debt may have different dates of maturity and interest rates, depending on the terms.

Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.


GoldMining  (TSX:GOLD) Long-Term Debt & Capital Lease Obligation Explanation

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

GoldMining's LT-Debt-to-Total-Asset ratio for the quarter that ended in Aug. 2024 is calculated as:

LT-Debt-to-Total-Asset (Q: Aug. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )/Total Assets (Q: Aug. 2024 )
=0.322/121.521
=

* 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.

Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.

We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.

Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)

Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.

BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.

If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the company’s earnings power is focused on paying off the debt and not growth.

Important: little or no long term debt often means a Good Long Term Bet


GoldMining Long-Term Debt & Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of GoldMining's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


GoldMining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldMining Inc (TSX:GOLD) » Definitions » Long-Term Debt & Capital Lease Obligation
Traded in Other Exchanges
Address
1188 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 4A2
GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and Peru. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Crucero project, located in Peru, Sao Jorge, Batistao, Boa Vista, located in Brazil, Yellowknife Gold Project, located in the Northwest Territories, Canada, and other projects. The company earns maximum revenue from Canada.
Executives
David Tokpay Kong Director
Pat Obara Senior Officer
Mario Bernardo Garnero Director
Garnet L. Dawson Director
Paulo Valle Pereira Neto Senior Officer
Herb Dhaliwal Director
Gloria Ballesta Director