Probe Gold (Probe Gold) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Probe 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. Probe Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Probe Gold's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Probe Gold is progressively becoming more dependent on debt to grow their business.

Probe Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Probe 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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Probe Gold LT-Debt-to-Total-Asset Chart

Probe Gold Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Probe Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.02	0.01	0.01

Probe Gold LT-Debt-to-Total-Asset Calculation

Probe Gold'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 )
	=	0.311	/	25.583
	=

Probe Gold'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 )
	=	0.272	/	21.087
	=

Probe Gold (OTCPK:PROBF) 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.

Probe Gold LT-Debt-to-Total-Asset Related Terms

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Probe Gold (Probe Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Probe Gold Inc (OTCPK:PROBF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

V46:Germany PRB:Canada

Address

56 Temperance Street, Suite 1000, Toronto, ON, CAN, M5H 3V5

Website

https://www.probegold.com

Probe Gold Inc is a gold exploration company focused on the acquisition, exploration, and development of prospective gold properties. The company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador Gold Project, Québec.

Probe Gold (Probe Gold) Headlines

From GuruFocus

Probe Gold Files NI 43-101 Technical Report for Monique Deposit, Novador Project

By GlobeNewswire GlobeNewswire • 03-02-2023

Probe Metals Reports Gold Recoveries above 95% at the Val d'Or East Project

By GlobeNewswire GlobeNewswire • 04-20-2021

Probe Metals Completes $17 Million Bought Deal Private Placement

By GlobeNewswire GlobeNewswire • 12-10-2019

Probe Metals Announces Upsize of Private Placement to $10.5 Million

By GlobeNewswire GlobeNewswire • 06-08-2022

Probe Metals Announces $10 Million Private Placement

By GlobeNewswire GlobeNewswire • 11-04-2020

Probe Gold Announces Results of Annual General Meeting and Retirement of Directors

By GlobeNewswire GlobeNewswire • 06-13-2023

Probe Metals Announces Filing of NI 43-101 Technical Report on the Val-d'Or East Project, Quebec

By GlobeNewswire GlobeNewswire • 03-29-2018