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Galway Metals LT-Debt-to-Total-Asset

: 0.01 (As of Jun. 2021)
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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. Galway Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.01.

Galway Metals's long-term debt to total assets ratio increased from Jun. 2020 (0.00) to Jun. 2021 (0.01). It may suggest that Galway Metals is progressively becoming more dependent on debt to grow their business.

Galway Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galway 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.

* Premium members only.

Galway Metals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
LT-Debt-to-Total-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Galway Metals Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
LT-Debt-to-Total-Asset 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 Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Galway Metals LT-Debt-to-Total-Asset Calculation

Galway Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )/Total Assets (A: Dec. 2020 )
=0/19.311421656648
=

Galway Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )/Total Assets (Q: Jun. 2021 )
=0.14648117839607/24.551554828151
=

* 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.

Galway Metals  (OTCPK:GAYMF) 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.

Galway Metals LT-Debt-to-Total-Asset Related Terms

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Galway Metals Business Description

Galway Metals logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 611
Comparable Companies
TSXV:FISH TSXV:YGT TSXV:HIGH TSX:ME TSXV:QMX TSX:TML TSXV:TSG TSXV:WKM TSXV:VLC TSXV:RYR NYSE:NEM TSX:ABX TSX:FNV MIC:PLZL TSX:WPM ASX:NCM TSX:AEM SHSE:600547 TSX:KL JSE:ANG
Traded in Other Exchanges
2L4:Germany GWM:Canada
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Website
http://www.galwaymetalsinc.com
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.
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