LUGDF (Lundin Gold) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Lundin Gold 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. Lundin Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Lundin Gold's long-term debt to total assets ratio declined from Dec. 2023 (0.15) to Dec. 2024 (0.00). It may suggest that Lundin Gold is progressively becoming less dependent on debt to grow their business.

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

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

Lundin Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.43

0.31

0.18

0.15

Lundin Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	-	-	-

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

Lundin Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	0	/	1527.481
	=	0.00

Lundin Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0	/	1527.481
	=	0.00

Lundin Gold (OTCPK:LUGDF) 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.

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

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Lundin Gold Business Description

Industry

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

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Traded in Other Exchanges

LUG:Sweden LUGs:UK 0R4M:UK F1YN:Germany F1YN:Germany LUG:Canada

Address

1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.