Hycroft Mining Holding (Hycroft Mining Holding) LT-Debt-to-Total-Asset : 0.76 (As of Mar. 2024)

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What is Hycroft Mining Holding 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. Hycroft Mining Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.76.

Hycroft Mining Holding's long-term debt to total assets ratio increased from Mar. 2023 (0.57) to Mar. 2024 (0.76). It may suggest that Hycroft Mining Holding is progressively becoming more dependent on debt to grow their business.

Hycroft Mining Holding LT-Debt-to-Total-Asset Historical Data

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

Hycroft Mining Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.61

1.01

0.53

0.71

Hycroft Mining Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.62	0.66	0.71	0.76

Hycroft Mining Holding LT-Debt-to-Total-Asset Calculation

Hycroft Mining Holding'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 )
	=	142.625	/	201.693
	=

Hycroft Mining Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	116.41	/	152.569
	=

Hycroft Mining Holding (NAS:HYMCL) 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.

Hycroft Mining Holding LT-Debt-to-Total-Asset Related Terms

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Hycroft Mining Holding (Hycroft Mining Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hycroft Mining Holding Corp (NAS:HYMCL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HYMC:USA

Address

4300 Water Canyon Road, Unit 1, Winnemucca, NV, USA, 89445

Website

http://www.hycroftmining.com

Hycroft Mining Holding Corp is a gold and silver producer. Its operating mine, the Hycroft Mine, is an open-pit heap leach operation located approximately fifty four miles west of Winnemucca, Nevada.