MWSNF (Southern Cross Gold Consolidated) LT-Debt-to-Total-Asset : 0.02 (As of Nov. 2024)

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What is Southern Cross Gold Consolidated 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. Southern Cross Gold Consolidated's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.02.

Southern Cross Gold Consolidated's long-term debt to total assets ratio declined from Nov. 2023 (0.02) to Nov. 2024 (0.02). It may suggest that Southern Cross Gold Consolidated is progressively becoming less dependent on debt to grow their business.

Southern Cross Gold Consolidated LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southern Cross Gold Consolidated'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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Southern Cross Gold Consolidated LT-Debt-to-Total-Asset Chart

Southern Cross Gold Consolidated Annual Data

Trend

May15

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May24

LT-Debt-to-Total-Asset

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0.01

Southern Cross Gold Consolidated 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															0.02	-	-	0.02	0.02

Southern Cross Gold Consolidated LT-Debt-to-Total-Asset Calculation

Southern Cross Gold Consolidated'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 )
	=	0.076	/	29.567
	=

Southern Cross Gold Consolidated'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 )
	=	0.467	/	28.099
	=

Southern Cross Gold Consolidated (OTCPK:MWSNF) 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.

Southern Cross Gold Consolidated LT-Debt-to-Total-Asset Related Terms

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Southern Cross Gold Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Consolidated Ltd (OTCPK:MWSNF) » Definitions » LT-Debt-to-Total-Asset

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0A9C:UK MV3:Germany SXGC:Canada SX2:Australia

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.southerncrossgold.com

Southern Cross Gold Consolidated Ltd is a gold exploration company. The projects of the company include Sunday Creek, Redcastle, MT Isa, and others. The Company is also engaged exploring in antimony in the Victorian Goldfields.