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


What is MGX Minerals LT-Debt-to-Total-Asset?

MGX Minerals MGXMF -95.00% LT-Debt-to-Total-Asset is 0.24 as of Apr. 2021.

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  (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

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

* Premium members only.

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.

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
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 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
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.24 mean?
MGX Minerals (MGXMF) has a LT-Debt-to-Total-Asset of 0.24 as of Apr. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on MGX Minerals and its competitors.
Is MGX Minerals' LT-Debt-to-Total-Asset too high?
MGX Minerals' current LT-Debt-to-Total-Asset is 0.24.
How does MGX Minerals' LT-Debt-to-Total-Asset compare to competitors?
MGX Minerals' LT-Debt-to-Total-Asset of 0.24 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?
A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on MGX Minerals and its competitors. MGX Minerals's current LT-Debt-to-Total-Asset is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current LT-Debt-to-Total-Asset of 0.24. The current LT-Debt-to-Total-Asset is 0.24. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current LT-Debt-to-Total-Asset is 0.24 as of Apr. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
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.