GDMIF (Green Mining Innovation) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Green Mining Innovation 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. Green Mining Innovation's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Green Mining Innovation's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Green Mining Innovation is progressively becoming more dependent on debt to grow their business.

Green Mining Innovation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green Mining Innovation'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.

* Premium members only.

Green Mining Innovation LT-Debt-to-Total-Asset Chart

Green Mining Innovation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.02

0.03

Green Mining Innovation Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	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															-	0.03	0.03	0.03	0.03

Green Mining Innovation LT-Debt-to-Total-Asset Calculation

Green Mining Innovation'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 )
	=	0.045	/	1.582
	=

Green Mining Innovation'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 )
	=	0.044	/	1.347
	=

Green Mining Innovation (OTCPK:GDMIF) 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.

Green Mining Innovation LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Green Mining Innovation's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Mining Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Green Mining Innovation Inc (OTCPK:GDMIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

808, Sir Adolph Routhier, Montreal, QC, CAN, G1S 3P3

Website

https://www.greenmininginnovation.ca

Green Mining Innovation Inc is a mining exploration company dedicated to mineral exploration in Canada with a genuine concern for environmental protection. It focuses mainly on developing deposits that contain gold and technology metals in mining jurisdictions in Canada. The company holds an interest in five exploration properties which include Anctil, Nemenjiche, Fortune, and Panache North properties located in the province of Quebec, and the Prince property located in the province of Newfoundland.

Green Mining Innovation Headlines

From GuruFocus

Goldstar Announces Management and Board Changes

By GlobeNewswire GlobeNewswire • 07-14-2020

Goldstar Closes Second and Final Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 06-17-2021

Goldstar Announces Non-Brokered Private Placement of up to $1 Million

By GlobeNewswire GlobeNewswire • 06-10-2019

Goldstar Announces Closing of Acquisition of Claims

By GlobeNewswire GlobeNewswire • 12-07-2022

Goldstar closes first tranche of private placement

By GlobeNewswire GlobeNewswire • 06-20-2019

Goldstar Closes First Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 06-04-2021

Goldstar Announces Correction to Press Release Issued June 17, 2021

By GlobeNewswire GlobeNewswire • 06-21-2021