Geologica Resource (STU:862) LT-Debt-to-Total-Asset

: 0.00 (As of Sep. 2023)

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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. Geologica Resource's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Geologica Resource's long-term debt to total assets ratio declined from Sep. 2022 (0.68) to Sep. 2023 (0.00). It may suggest that Geologica Resource is progressively becoming less dependent on debt to grow their business.

Geologica Resource LT-Debt-to-Total-Asset Historical Data

The historical data trend for Geologica Resource'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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Geologica Resource Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

2.15

0.34

Geologica Resource Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset								0.68	-	-	-	-

Geologica Resource LT-Debt-to-Total-Asset Calculation

Geologica Resource's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0	/	0.478
	=

Geologica Resource's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	0.332
	=

Geologica Resource (STU:862) 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.

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Geologica Resource (STU:862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geologica Resource Corp (STU:862) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

862:Germany GRCM:Canada

Address

630 - 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

https://www.geologicaresource.com

Geologica Resource Corp is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The Topley Property consists of 7 mineral claims totalling approximately 2,706 Hectares, located in central British Columbia, in the Omineca Mining Division.

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