Cerro Grande Mining (Cerro Grande Mining) LT-Debt-to-Total-Asset : 3.17 (As of Dec. 2023)

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What is Cerro Grande Mining LT-Debt-to-Total-Asset?

LT Debt to Total Assets 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 Obligationdivide by its Total Assets. Cerro Grande Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 3.17.

Cerro Grande Mining's long-term debt to total assets ratio increased from Dec. 2022 (3.09) to Dec. 2023 (3.17). It may suggest that Cerro Grande Mining is progressively becoming more dependent on debt to grow their business.

Cerro Grande Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cerro Grande Mining's LT-Debt-to-Total-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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Cerro Grande Mining LT-Debt-to-Total-Asset Chart

Cerro Grande Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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7.87

4.84

3.04

3.15

Cerro Grande Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															3.09	3.10	3.14	3.15	3.17

Cerro Grande Mining LT-Debt-to-Total-Asset Calculation

Cerro Grande Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	3.683	/	1.168
	=

Cerro Grande Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3.702	/	1.168
	=

Cerro Grande Mining (OTCPK:CEGMF) LT-Debt-to-Total-Asset 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.

Cerro Grande Mining LT-Debt-to-Total-Asset Related Terms

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Cerro Grande Mining (Cerro Grande Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerro Grande Mining Corp (OTCPK:CEGMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CEG:Canada

Address

1 King Street West, Suite 4009, Toronto, ON, CAN, M5H 1A1

Website

http://www.cegmining.com

Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.

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