NXGCF (NeXGold Mining) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is NeXGold Mining 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. NeXGold Mining's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

NeXGold Mining's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.06). It may suggest that NeXGold Mining is progressively becoming less dependent on debt to grow their business.

NeXGold Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for NeXGold Mining'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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NeXGold Mining LT-Debt-to-Total-Asset Chart

NeXGold Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

0.04

0.08

0.13

NeXGold Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.06	0.07	0.06

NeXGold Mining LT-Debt-to-Total-Asset Calculation

NeXGold Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11.159	/	87.718
	=

NeXGold Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.084	/	101.575
	=

NeXGold Mining (OTCPK:NXGCF) 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.

NeXGold Mining LT-Debt-to-Total-Asset Related Terms

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NeXGold Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NeXGold Mining Corp (OTCPK:NXGCF) » Definitions » LT-Debt-to-Total-Asset

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Address

15 Toronto Street, Suite 401, Toronto, ON, CAN, M5C 2E3

Website

https://www.nexgold.com

NeXGold Mining Corp is an exploration-stage company. The company is engaged in the exploration and evaluation of mineral resources. The company's project includes the Goliath Gold Project, Goldlund Gold Project, Miller Gold Project located in Northwestern Ontario.