MAGE (Magellan Copper and Gold) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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

Magellan Copper and Gold's long-term debt to total assets ratio stayed the same from Dec. 2023 (0.00) to Dec. 2024 (0.00).

Magellan Copper and Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magellan Copper and 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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Magellan Copper and Gold LT-Debt-to-Total-Asset Chart

Magellan Copper and Gold Annual Data

Trend

Dec15

Dec16

Dec17

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Dec19

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Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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Magellan Copper and 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															-	-	-	-	-

Magellan Copper and Gold LT-Debt-to-Total-Asset Calculation

Magellan Copper and 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	/	0.101
	=

Magellan Copper and 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	/	0.101
	=

Magellan Copper and Gold (OTCPK:MAGE) 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.

Magellan Copper and Gold LT-Debt-to-Total-Asset Related Terms

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Magellan Copper and Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Copper and Gold Corp (OTCPK:MAGE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Cedar Street, Suite 205, Wallace, ID, USA, 83873

Website

https://www.magellangoldcorp.com

Magellan Copper and Gold Inc formerly Magellan Gold Corp is an exploration stage company, and principal business is the acquisition and exploration of mineral projects focus is on properties in the States of Idaho and California. Key Projects of the Company are the Center Star Mine and the Kris Project.

Executives

Frank Pastornia	officer: COO	C/O 500 MARQUETTE AVE., STE. 1200, ALBUQUERQUE NM 87102
John D Gibbs	10 percent owner	16 E STREET SOUTHWEST, ARDMORE OK 73402
Power John C /ca/	director, 10 percent owner, officer: President/Secretary
Dennis Bell	10 percent owner	47 LISLE ST., MT. CLAREMONT C3 6010
Michael Paul Martinez	officer: CFO/Secretary/Treasurer	13612 EMBUDO CT., NE, ALBUQUERQUE NM 87112
W Pierce Carson	officer: President of Gulf & Western In	7239 N EL MIRAGR ROAD, GLENDALE AZ 86307