California Gold Mining (California Gold Mining) LT-Debt-to-Total-Asset : 0.02 (As of May. 2021)

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What is California Gold 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. California Gold Mining's long-term debt to total assests ratio for the quarter that ended in May. 2021 was 0.02.

California Gold Mining's long-term debt to total assets ratio declined from May. 2020 (0.32) to May. 2021 (0.02). It may suggest that California Gold Mining is progressively becoming less dependent on debt to grow their business.

California Gold Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for California Gold 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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California Gold Mining LT-Debt-to-Total-Asset Chart

California Gold Mining Annual Data

Trend

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LT-Debt-to-Total-Asset

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0.02

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.02	0.02	0.02	0.02

California Gold Mining LT-Debt-to-Total-Asset Calculation

California Gold Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2020 is calculated as

LT Debt to Total Assets (A: Aug. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2020 )	/	Total Assets (A: Aug. 2020 )
	=	0.132	/	6.365
	=	0.02

California Gold Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2021 is calculated as

LT Debt to Total Assets (Q: May. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2021 )	/	Total Assets (Q: May. 2021 )
	=	0.117	/	5.777
	=

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining LT-Debt-to-Total-Asset Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.