Lundin Gold (TSX:LUG) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Lundin 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. Lundin Gold's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Lundin Gold's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.00). It may suggest that Lundin Gold is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Lundin 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.

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

Lundin Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.43

0.31

0.18

0.15

Lundin Gold 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															0.14	0.15	0.15	-	-

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

Lundin Gold'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 )
	=	290.611	/	1969.749
	=	0.15

Lundin Gold'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 )
	=	0	/	1847.818
	=	0.00

Lundin Gold (TSX:LUG) 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.

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

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Lundin Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Gold Inc (TSX:LUG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LUGDF:USA LUG:Sweden LUGs:UK 0R4M:UK F1YN:Germany F1YN:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

Executives

Chester See	Senior Officer
Terrence Smith	Senior Officer
Ronald F. Hochstein	Director, Senior Officer
Ian Gibbs	Director
Sheila Margaret Colman	Senior Officer
Nathan Monash	Senior Officer
Christopher Kevork Kololian	Senior Officer
Chantal Gosselin	Director
Gillian Davidson	Director
Alessandro Bitelli	Senior Officer
Iliana Rodriguez	Senior Officer
Robert Malcolm Thiele	Director
Lorito Doraline S.à.r.l.	10% Security Holder
Carmela Daniele	Director
David Dicaire	Senior Officer

Lundin Gold Headlines

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