NRGOF (Pinnacle Silver and Gold) LT-Debt-to-Total-Asset : 0.03 (As of Oct. 2024)

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What is Pinnacle Silver and Gold 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. Pinnacle Silver and Gold's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.03.

Pinnacle Silver and Gold's long-term debt to total assets ratio increased from Oct. 2023 (0.00) to Oct. 2024 (0.03). It may suggest that Pinnacle Silver and Gold is progressively becoming more dependent on debt to grow their business.

Pinnacle Silver and Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pinnacle Silver and Gold'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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Pinnacle Silver and Gold LT-Debt-to-Total-Asset Chart

Pinnacle Silver and Gold Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

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0.01

0.03

0.05

Pinnacle Silver and Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.06	0.05	0.05	0.03

Pinnacle Silver and Gold LT-Debt-to-Total-Asset Calculation

Pinnacle Silver and Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	0.029	/	0.542
	=

Pinnacle Silver and Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0.03	/	0.887
	=

Pinnacle Silver and Gold (OTCPK:NRGOF) 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.

Pinnacle Silver and Gold LT-Debt-to-Total-Asset Related Terms

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Pinnacle Silver and Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pinnacle Silver and Gold Corp (OTCPK:NRGOF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0V9B:UK P9J:Germany PINN:Canada

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.pinnaclesilverandgold.com

Pinnacle Silver and Gold Corp are focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine of the company is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. The company is actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold.

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