Sierra Madre Gold And Silver (STU:409) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Sierra Madre Gold And Silver 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. Sierra Madre Gold And Silver's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Sierra Madre Gold And Silver's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.15). It may suggest that Sierra Madre Gold And Silver is progressively becoming more dependent on debt to grow their business.

Sierra Madre Gold And Silver LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sierra Madre Gold And Silver'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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Sierra Madre Gold And Silver LT-Debt-to-Total-Asset Chart

Sierra Madre Gold And Silver Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Sierra Madre Gold And Silver Quarterly Data
	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														-	-	-	0.15	0.15

Sierra Madre Gold And Silver LT-Debt-to-Total-Asset Calculation

Sierra Madre Gold And Silver'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 )
	=	0.006	/	27.949
	=

Sierra Madre Gold And Silver'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 )
	=	4.782	/	31.066
	=	0.15

Sierra Madre Gold And Silver (STU:409) 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.

Sierra Madre Gold And Silver LT-Debt-to-Total-Asset Related Terms

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Sierra Madre Gold And Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Madre Gold And Silver Ltd (STU:409) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMDRF:USA 409:Germany SM:Canada

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.sierramadregoldandsilver.com

Sierra Madre Gold And Silver Ltd is engaged in the business of mineral exploration and development in Canada and Mexico. The company's projects include the La Guitarra project, the Tepic project, and the La Tigra project.

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