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SGCPF (Solstice Gold) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2024)


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What is Solstice 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. Solstice Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.35.

Solstice Gold's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.35). It may suggest that Solstice Gold is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Solstice 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.

* Premium members only.

Solstice Gold LT-Debt-to-Total-Asset Chart

Solstice Gold Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.05 0.02 0.04 -

Solstice Gold Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 0.08 - 0.18 0.35

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

Solstice Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )/Total Assets (A: Jun. 2024 )
=0/0.406
=

Solstice Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=0.042/0.121
=

* 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.

Solstice Gold  (OTCPK:SGCPF) 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.

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

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Solstice Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solstice Gold Corp (OTCPK:SGCPF) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
SGC:Canada
Address
800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6
Website
https://www.solsticegold.com
Solstice Gold Corp is a gold exploration company. It is engaged in exploring mineral resource properties in Ontario and Nunavut, Canada. The company is engaged in several projects predominantly focused on gold such as the Qaigtuq Gold, Red Lake Extension, Atikokan Gold, and the Strathy Gold projects. It also holds interest in other mineral projects such as the Raven-Furniss, Stewart Lake, Kamuck Lithium, Pakeagama Lithium, and the Church & Purdom projects. The company operates in a single reportable and geographical segment which is mineral exploration in Canada.