Omineca Mining and Metals (Omineca Mining and Metals) LT-Debt-to-Total-Asset : 0.60 (As of Mar. 2024)

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What is Omineca Mining and Metals 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. Omineca Mining and Metals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.60.

Omineca Mining and Metals's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.60) to Mar. 2024 (0.60).

Omineca Mining and Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Omineca Mining and Metals'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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Omineca Mining and Metals LT-Debt-to-Total-Asset Chart

Omineca Mining and Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.07

0.62

0.54

0.60

0.58

Omineca Mining and Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.60	0.52	0.56	0.58	0.60

Omineca Mining and Metals LT-Debt-to-Total-Asset Calculation

Omineca Mining and Metals'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 )
	=	7.443	/	12.836
	=

Omineca Mining and Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	7.412	/	12.407
	=

Omineca Mining and Metals (OTCPK:OMMSF) 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.

Omineca Mining and Metals LT-Debt-to-Total-Asset Related Terms

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Omineca Mining and Metals (Omineca Mining and Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omineca Mining and Metals Ltd (OTCPK:OMMSF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

OMM:Canada

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

Omineca Mining and Metals (Omineca Mining and Metals) Headlines

From GuruFocus

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

By PRNewswire • 02-12-2024