Aris Mining (FRA:ZP1) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

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What is Aris Mining 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. Aris Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Aris Mining's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.25). It may suggest that Aris Mining is progressively becoming less dependent on debt to grow their business.

Aris Mining LT-Debt-to-Total-Asset Historical Data

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

Aris Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.20

0.31

0.30

0.25

Aris Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.30	0.28	0.27	0.25

Aris Mining LT-Debt-to-Total-Asset Calculation

Aris Mining'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 )
	=	315.526	/	1240.583
	=	0.25

Aris Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	315.526	/	1240.583
	=	0.25

Aris Mining (FRA:ZP1) 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.

Aris Mining LT-Debt-to-Total-Asset Related Terms

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Aris Mining (FRA:ZP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aris Mining Corp (FRA:ZP1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ARMN:USA ZP1:Germany ARIS:Canada

Address

425 Hornby Street, Vancouver, BC, CAN, V6C 2Y2

Website

https://www.aris-mining.com

Aris Mining Corp is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. It owns and operates its Segovia Operations, Soto Norte Project and Marmato Mine in Colombia, Toroparu Project in Guyana and the Juby Project in Ontario, Canada. The company generates revenue from the sale of gold and silver.

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