MCDMF (MacDonald Mines Exploration) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is MacDonald Mines Exploration 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. MacDonald Mines Exploration's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

MacDonald Mines Exploration's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

MacDonald Mines Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for MacDonald Mines Exploration'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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MacDonald Mines Exploration LT-Debt-to-Total-Asset Chart

MacDonald Mines Exploration Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

MacDonald Mines Exploration 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															-	-	-	-	-

MacDonald Mines Exploration LT-Debt-to-Total-Asset Calculation

MacDonald Mines Exploration'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	/	0.077
	=

MacDonald Mines Exploration'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	/	0.057
	=

MacDonald Mines Exploration (OTCPK:MCDMF) 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.

MacDonald Mines Exploration LT-Debt-to-Total-Asset Related Terms

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MacDonald Mines Exploration Business Description

Industry

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

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BMK:Canada

Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.macdonaldmines.com

MacDonald Mines Exploration Ltd is a Canadian gold exploration company is involved in the identification, acquisition and development of prospective properties in Ontario and Quebec, Canada. Its project includes SPJ Gold Project that targets High-grade Gold with Copper, Nickel, Cobalt, Silver, REE's; and Charlevoix Silica Property.