Colibri Resource (FRA:2CO1) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Colibri Resource 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. Colibri Resource's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Colibri Resource's long-term debt to total assets ratio declined from Sep. 2023 (0.29) to Sep. 2024 (0.06). It may suggest that Colibri Resource is progressively becoming less dependent on debt to grow their business.

Colibri Resource LT-Debt-to-Total-Asset Historical Data

The historical data trend for Colibri Resource'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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Colibri Resource LT-Debt-to-Total-Asset Chart

Colibri Resource Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.30

0.26

0.24

Colibri Resource Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.24	0.25	0.20	0.06

Colibri Resource LT-Debt-to-Total-Asset Calculation

Colibri Resource's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.049	/	4.444
	=

Colibri Resource's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.188	/	2.979
	=

Colibri Resource (FRA:2CO1) 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.

Colibri Resource LT-Debt-to-Total-Asset Related Terms

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Colibri Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colibri Resource Corp (FRA:2CO1) » Definitions » LT-Debt-to-Total-Asset

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CRUCF:USA CBI:Canada

Address

105 Englehart Street, Suite 700, Dieppe, NB, CAN, E1A 8K2

Website

https://www.colibriresource.com

Colibri Resource Corp is a mineral resource exploration company. It is engaged in the process of acquiring and exploring precious mineral properties in Mexico. The properties of the company are EP Gold, Pilar Gold & Silver, Diamante Gold & Silver, and Jackie Gold & Silver. The company operates in one reportable business segment, being the acquisition, exploration, and development of precious metals properties.

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