Gold Lakes (Gold Lakes) LT-Debt-to-Total-Asset : 0.00 (As of Apr. 2017)

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What is Gold Lakes 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. Gold Lakes's long-term debt to total assests ratio for the quarter that ended in Apr. 2017 was 0.00.

Gold Lakes's long-term debt to total assets ratio declined from Apr. 2016 (0.58) to Apr. 2017 (0.00). It may suggest that Gold Lakes is progressively becoming less dependent on debt to grow their business.

Gold Lakes LT-Debt-to-Total-Asset Historical Data

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

Gold Lakes Annual Data

Trend

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LT-Debt-to-Total-Asset

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Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.58	-	-	-	-

Gold Lakes LT-Debt-to-Total-Asset Calculation

Gold Lakes's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2016 is calculated as

LT Debt to Total Assets (A: Jul. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2016 )	/	Total Assets (A: Jul. 2016 )
	=	0	/	0.054
	=

Gold Lakes's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2017 is calculated as

LT Debt to Total Assets (Q: Apr. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2017 )	/	Total Assets (Q: Apr. 2017 )
	=	0	/	0.1
	=

Gold Lakes (GREY:GLLK) 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.

Gold Lakes LT-Debt-to-Total-Asset Related Terms

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Gold Lakes (Gold Lakes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » LT-Debt-to-Total-Asset

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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