Great Western Minerals Group (Great Western Minerals Group) LT-Debt-to-Total-Asset : 1.30 (As of Sep. 2014)

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What is Great Western Minerals Group 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. Great Western Minerals Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2014 was 1.30.

Great Western Minerals Group's long-term debt to total assets ratio increased from Sep. 2013 (0.78) to Sep. 2014 (1.30). It may suggest that Great Western Minerals Group is progressively becoming more dependent on debt to grow their business.

Great Western Minerals Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Great Western Minerals Group'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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Great Western Minerals Group LT-Debt-to-Total-Asset Chart

Great Western Minerals Group Annual Data

Trend

Dec04

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Dec13

LT-Debt-to-Total-Asset

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0.61

0.91

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.91	0.98	1.15	1.30

Great Western Minerals Group LT-Debt-to-Total-Asset Calculation

Great Western Minerals Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (A: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2013 )	/	Total Assets (A: Dec. 2013 )
	=	61.87	/	68.094
	=	0.91

Great Western Minerals Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2014 is calculated as

LT Debt to Total Assets (Q: Sep. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2014 )	/	Total Assets (Q: Sep. 2014 )
	=	68.056	/	52.34
	=	1.30

Great Western Minerals Group (OTCPK:GWMGF) 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.

Great Western Minerals Group LT-Debt-to-Total-Asset Related Terms

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Great Western Minerals Group (Great Western Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » LT-Debt-to-Total-Asset

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Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

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