Visible Gold Mines (FRA:3V41) LT-Debt-to-Total-Asset : 0.26 (As of Oct. 2024)

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What is Visible Gold Mines 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. Visible Gold Mines's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.26.

Visible Gold Mines's long-term debt to total assets ratio increased from Oct. 2023 (0.08) to Oct. 2024 (0.26). It may suggest that Visible Gold Mines is progressively becoming more dependent on debt to grow their business.

Visible Gold Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Visible Gold Mines'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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Visible Gold Mines LT-Debt-to-Total-Asset Chart

Visible Gold Mines Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

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0.09

0.25

Visible Gold Mines Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.08	0.25	0.26

Visible Gold Mines LT-Debt-to-Total-Asset Calculation

Visible Gold Mines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	0.039	/	0.157
	=

Visible Gold Mines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0.035	/	0.136
	=

Visible Gold Mines (FRA:3V41) 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.

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Visible Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (FRA:3V41) » Definitions » LT-Debt-to-Total-Asset

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VGD:Canada

Address

147 Avenue Quebec (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the sector of exploration and evaluation of mineral resources. In gold projects it includes Piko, Veronik, Project 167, Green Gaint, Hazeur, Lucky Break (Cadillac), Stadacona-East, Silidor-Capricorne. The Project 167 property comprises mining claims. Lithium James Bay Projects includes Megali, Carli, Natali.

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