Inception Mining (Inception Mining) LT-Debt-to-Total-Asset : 37.78 (As of Dec. 2023)

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What is Inception Mining 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. Inception Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 37.78.

Inception Mining's long-term debt to total assets ratio increased from Dec. 2022 (4.73) to Dec. 2023 (37.78). It may suggest that Inception Mining is progressively becoming more dependent on debt to grow their business.

Inception Mining LT-Debt-to-Total-Asset Historical Data

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

Inception Mining Annual Data

Trend

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.15

0.92

4.69

4.73

37.78

Inception Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															4.73	0.35	0.38	0.40	37.78

Inception Mining LT-Debt-to-Total-Asset Calculation

Inception Mining'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 )
	=	0.869	/	0.023
	=

Inception Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.869	/	0.023
	=

Inception Mining (OTCPK:IMII) 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.

Inception Mining LT-Debt-to-Total-Asset Related Terms

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Inception Mining (Inception Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5530 South 900 East, Suite 280, Murray, UT, USA, 84117

Website

https://www.inceptionmining.com

Inception Mining Inc is engaged in the identification, exploration, acquisition, and development of mineral properties. The company primarily explores gold. Its operations are focused on the Clavo Rico mine in Honduras, Central America. Inception derives most of its revenue from mining operations.

Executives

Whitney O Cluff	director, officer: Chief Financial Officer	6550 SOUTH MILLROCK DRIVE, SUITE 200, SALT LAKE CITY UT 84121
Trent D'ambrosio	director, 10 percent owner	5320 SOUTH 900 EAST, #260, MURRAY UT 84107
Reed L Benson	director	7050 UNION PARK CENTER, #600, SALT LAKE CITY UT 84047
Jason Briggs	10 percent owner	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Kay W Briggs	director	978 EAGLE WAY, NORTH SALT LAKE UT 84054
Michael Ahlin	director, officer: CEO	4770 ICHABOD DRIVE, HOLLADAY UT 84117
Brian T. Brewer	director, officer: COO	P.O. BOX 305, SALMON ID 83467