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QGLDF (Q-Gold Resources) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2024)


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What is Q-Gold Resources 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. Q-Gold Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.49.

Q-Gold Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.49). It may suggest that Q-Gold Resources is progressively becoming more dependent on debt to grow their business.

Q-Gold Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Q-Gold Resources'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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Q-Gold Resources LT-Debt-to-Total-Asset Chart

Q-Gold Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
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Q-Gold Resources 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 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 - - - 0.46 0.49

Q-Gold Resources LT-Debt-to-Total-Asset Calculation

Q-Gold Resources'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 )
=0/0.075
=

Q-Gold Resources'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 )
=0.038/0.077
=

* 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.

Q-Gold Resources  (OTCPK:QGLDF) 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.

Q-Gold Resources LT-Debt-to-Total-Asset Related Terms

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Q-Gold Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Q-Gold Resources Ltd (OTCPK:QGLDF) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
QGR:Canada
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Website
https://www.qgoldresources.com
Q-Gold Resources Ltd is a mineral exploration company. The operations of the company are in Canada and the United States. It has one material operating segment (the exploration of its North American and Peru mineral licences) . Some of the properties of the firm are Foley Mine, McKenzie Gray, Mine Centre, Surupana and many more.