Avino Silver & Gold Mines (TSX:ASM) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Avino Silver & Gold Mines 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. Avino Silver & Gold Mines's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Avino Silver & Gold Mines's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Avino Silver & Gold Mines is progressively becoming less dependent on debt to grow their business.

Avino Silver & Gold Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avino Silver & Gold Mines'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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Avino Silver & Gold Mines LT-Debt-to-Total-Asset Chart

Avino Silver & Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

Avino Silver & Gold Mines 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															0.01	0.01	0.01	0.01	0.01

Avino Silver & Gold Mines LT-Debt-to-Total-Asset Calculation

Avino Silver & Gold Mines'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 )
	=	2.2	/	172.181
	=	0.01

Avino Silver & Gold Mines'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 )
	=	1.924	/	183.367
	=	0.01

Avino Silver & Gold Mines (TSX:ASM) 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.

Avino Silver & Gold Mines LT-Debt-to-Total-Asset Related Terms

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Avino Silver & Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avino Silver & Gold Mines Ltd (TSX:ASM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ASM:USA 0XGF:UK GV6:Germany GV6:Germany

Address

570 Granville Street, Suite 900, Vancouver, BC, CAN, V6C 3P1

Website

https://www.avino.com

Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The company generates majority of its revenues through the sale of Copper produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.

Executives

Trevitt Jennifer	Senior Officer
Peter Latta	Senior Officer
Nathan Harte	Senior Officer
David Wolfin	Director
Ronald D. Andrews	Director
Dorothy Chin	Senior Officer
Jasman Yee	Director
Gary Ralph Robertson	Director
Frederick J. Sveinson	Senior Officer
Peter Bojtos	Director