Mountain Province Diamonds (TSX:MPVD) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2023)

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What is Mountain Province Diamonds 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. Mountain Province Diamonds's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.32.

Mountain Province Diamonds's long-term debt to total assets ratio increased from Mar. 2022 (0.00) to Mar. 2023 (0.32). It may suggest that Mountain Province Diamonds is progressively becoming more dependent on debt to grow their business.

Mountain Province Diamonds LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mountain Province Diamonds'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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Mountain Province Diamonds LT-Debt-to-Total-Asset Chart

Mountain Province Diamonds Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.42

0.46

0.63

0.35

Mountain Province Diamonds Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.03	0.35	0.32

Mountain Province Diamonds LT-Debt-to-Total-Asset Calculation

Mountain Province Diamonds'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 )
	=	317.086	/	898.541
	=	0.35

Mountain Province Diamonds's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	316.904	/	985.749
	=	0.32

Mountain Province Diamonds (TSX:MPVD) 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.

Mountain Province Diamonds LT-Debt-to-Total-Asset Related Terms

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Mountain Province Diamonds (TSX:MPVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mountain Province Diamonds Inc (TSX:MPVD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MPVDF:USA MPG:Germany

Address

161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1

Website

https://www.mountainprovince.com

Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.

Mountain Province Diamonds (TSX:MPVD) Headlines

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