Golden Queen Mining Consolidated (FRA:5GQA) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2019)

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What is Golden Queen Mining Consolidated 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. Golden Queen Mining Consolidated's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.00.

Golden Queen Mining Consolidated's long-term debt to total assets ratio declined from Sep. 2018 (0.04) to Sep. 2019 (0.00). It may suggest that Golden Queen Mining Consolidated is progressively becoming less dependent on debt to grow their business.

Golden Queen Mining Consolidated LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden Queen Mining Consolidated'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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Golden Queen Mining Consolidated LT-Debt-to-Total-Asset Chart

Golden Queen Mining Consolidated Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.01

0.08

0.22

0.21

0.06

Golden Queen Mining Consolidated Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.06	0.03	-	-

Golden Queen Mining Consolidated LT-Debt-to-Total-Asset Calculation

Golden Queen Mining Consolidated's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	9.337	/	157.139
	=	0.06

Golden Queen Mining Consolidated's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	0	/	3.947
	=

Golden Queen Mining Consolidated (FRA:5GQA) 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.

Golden Queen Mining Consolidated LT-Debt-to-Total-Asset Related Terms

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Golden Queen Mining Consolidated (FRA:5GQA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Queen Mining Consolidated Ltd (FRA:5GQA) » Definitions » LT-Debt-to-Total-Asset

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Address

580 Hornby Street, Suite 880, Vancouver, BC, CAN, V6C 3B6

Website

http://www.goldenqueen.com

Golden Queen Mining Consolidated Ltd, formerly Golden Queen Mining Co Ltd is a Canada based company engaged in exploration of minerals. The company holds interests in Soledad Mountain Mine located in the Mojave Mining District, Kern County, California. The Mine uses conventional open pit mining methods and the cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore.

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