GWRRF (Engold Mines) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Engold Mines 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. Engold Mines's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Engold Mines's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.02). It may suggest that Engold Mines is progressively becoming more dependent on debt to grow their business.

Engold Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Engold Mines'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.

Engold Mines LT-Debt-to-Total-Asset Chart

Engold Mines Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.04

0.02

0.05

0.01

0.02

Engold Mines 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															0.01	0.01	0.02	0.02	0.02

Engold Mines LT-Debt-to-Total-Asset Calculation

Engold Mines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	0.044	/	2.142
	=

Engold Mines'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	/	2.142
	=

Engold Mines (OTCPK:GWRRF) 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.

Engold Mines LT-Debt-to-Total-Asset Related Terms

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

Engold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engold Mines Ltd (OTCPK:GWRRF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EGM:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.engold.ca

Engold Mines Ltd is in the business of exploring and evaluating economically viable mineral properties in Canada. The company's properties include Lac La Hache, Gibraltar, and Mt. Polley mines and Aurizon Gold-Silver-Copper Zone. The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects within a large alkalic porphyry system similar to the geological environments underlying well known BC copper-gold mines such as Red Chris, New Afton, Copper Mountain, and nearby Mount Polley.