Nevgold (FRA:5E50) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Nevgold 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. Nevgold's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Nevgold's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.11). It may suggest that Nevgold is progressively becoming more dependent on debt to grow their business.

Nevgold LT-Debt-to-Total-Asset Historical Data

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

Nevgold Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

Nevgold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	0.01	0.01	-	0.11

Nevgold LT-Debt-to-Total-Asset Calculation

Nevgold'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 )
	=	0.1	/	15.228
	=

Nevgold'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 )
	=	2.071	/	19.048
	=

Nevgold (FRA:5E50) 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.

Nevgold LT-Debt-to-Total-Asset Related Terms

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Nevgold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevgold Corp (FRA:5E50) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany NAU:Canada

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the districts of Nevada and British Columbia. The company's project includes Ptarmigan in British Columbia, Project Option in British Columbia, Cedar Wash and Limo in Nevada. The Company operates primarily in one business segment, which is the exploration and development of resource properties located in two areas, Canada and the United States.

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