MGX Minerals (MGX Minerals) LT-Debt-to-Total-Asset : 0.24 (As of Apr. 2021)

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What is MGX Minerals 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. MGX Minerals's long-term debt to total assests ratio for the quarter that ended in Apr. 2021 was 0.24.

MGX Minerals's long-term debt to total assets ratio increased from Apr. 2020 (0.00) to Apr. 2021 (0.24). It may suggest that MGX Minerals is progressively becoming more dependent on debt to grow their business.

MGX Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for MGX Minerals'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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MGX Minerals LT-Debt-to-Total-Asset Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

LT-Debt-to-Total-Asset

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0.25

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.25	0.26	0.22	0.24

MGX Minerals LT-Debt-to-Total-Asset Calculation

MGX Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2020 is calculated as

LT Debt to Total Assets (A: Jul. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2020 )	/	Total Assets (A: Jul. 2020 )
	=	2.231	/	8.969
	=

MGX Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2021 is calculated as

LT Debt to Total Assets (Q: Apr. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2021 )	/	Total Assets (Q: Apr. 2021 )
	=	2.163	/	9.218
	=

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals LT-Debt-to-Total-Asset Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

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

Comparable Companies

XCNQ:STGX TSXV:SILV TSXV:LMS TSXV:PX TSXV:ABZ TSXV:EGM TSXV:GTC TSXV:FUSE TSXV:SYG TSXV:IZN

Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.