Generation Mining (TSX:GENM) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is Generation Mining 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. Generation Mining's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

Generation Mining's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.08). It may suggest that Generation Mining is progressively becoming more dependent on debt to grow their business.

Generation Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Generation Mining'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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Generation Mining LT-Debt-to-Total-Asset Chart

Generation Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.01

0.02

0.01

Generation Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	0.01	0.08

Generation Mining LT-Debt-to-Total-Asset Calculation

Generation Mining'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 )
	=	0.087	/	20.223
	=

Generation Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.014	/	12.998
	=

Generation Mining (TSX:GENM) 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.

Generation Mining LT-Debt-to-Total-Asset Related Terms

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Generation Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Generation Mining Ltd (TSX:GENM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GENMF:USA 9GN:Germany

Address

100 King Street West, Suite 7010, Toronto, ON, CAN, M5X 1B1

Website

https://www.genmining.com

Gen Mining's focus is the development of its 100%-owned Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. The mine would produce an estimated 245,000 palladium equivalent ounces per year over 13-year mine life.

Executives

Jamie Levy

Director