MGIDF (Magnum Goldcorp) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2024)

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What is Magnum Goldcorp 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. Magnum Goldcorp's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.00.

Magnum Goldcorp's long-term debt to total assets ratio stayed the same from Nov. 2023 (0.00) to Nov. 2024 (0.00).

Magnum Goldcorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnum Goldcorp'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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Magnum Goldcorp LT-Debt-to-Total-Asset Chart

Magnum Goldcorp Annual Data

Trend

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May24

LT-Debt-to-Total-Asset

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Magnum Goldcorp Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Magnum Goldcorp LT-Debt-to-Total-Asset Calculation

Magnum Goldcorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	0	/	2.644
	=

Magnum Goldcorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0	/	2.588
	=

Magnum Goldcorp (OTCPK:MGIDF) 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.

Magnum Goldcorp LT-Debt-to-Total-Asset Related Terms

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Magnum Goldcorp Business Description

Industry

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

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MGI:Canada

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the east of Slocan Mining Division of Southeastern British Columbia.

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