CTGO (Contango Ore) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2024)

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What is Contango Ore 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. Contango Ore's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.20.

Contango Ore's long-term debt to total assets ratio declined from Dec. 2023 (0.63) to Dec. 2024 (0.20). It may suggest that Contango Ore is progressively becoming less dependent on debt to grow their business.

Contango Ore LT-Debt-to-Total-Asset Historical Data

The historical data trend for Contango Ore'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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Contango Ore LT-Debt-to-Total-Asset Chart

Contango Ore Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dec24

LT-Debt-to-Total-Asset

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0.52

0.99

0.20

Contango Ore Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.54	0.48	0.25	0.20

Contango Ore LT-Debt-to-Total-Asset Calculation

Contango Ore's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	26.369	/	133.892
	=

Contango Ore's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	26.369	/	133.892
	=

Contango Ore (AMEX:CTGO) 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.

Contango Ore LT-Debt-to-Total-Asset Related Terms

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Contango Ore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (AMEX:CTGO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

F85:Germany

Address

516 2nd Avenue, Suite 401, Fairbanks, AK, USA, 99701

Website

https://www.contangoore.com

Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Peak Gold JV Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska. Its exploration projects are Lucky Shot, Johnson Tract, Eagle, Hona, Shamrock, and Triple Z.

Executives

John B Juneau	director, officer: President and CEO	3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph S Compofelice	director	24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380
Nieuwenhuyse Rick Van	director, officer: President and CEO	C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
Richard Shortz	director	3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098
Michael Aaron Clark	officer: Executive VP-Finance	6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5
Leah S Gaines	officer: Chief Financial Officer	3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098
Curtis J. Freeman	director	3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098
Royal Gold Inc	10 percent owner	1144 15TH STREET, SUITE 2500, DENVER CO 80202
Scott J. Reiman	10 percent owner, other: Member of 10% owner group	730 17TH STREET SUITE 800, DENVER CO 80202
Kenneth R. Peak Marital Trust	10 percent owner	2 LONGFELLOW LANE, HOUSTON TX 77005
Estate Of Kenneth R. Peak	10 percent owner	C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph G. Greenberg	director	3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098
Donald Gillen	10 percent owner	21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4
Hexagon, Llc	10 percent owner, other: Member of 10% owner group	730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202
Sergio Castro	officer: Vice President, CFO, Treasurer	2019 MOUNTAIN CREEK, PEARLAND TX 77584