Aura Minerals (TSX:ORA) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Aura Minerals 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. Aura Minerals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Aura Minerals's long-term debt to total assets ratio declined from Sep. 2023 (0.24) to Sep. 2024 (0.19). It may suggest that Aura Minerals is progressively becoming less dependent on debt to grow their business.

Aura Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aura Minerals'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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Aura Minerals LT-Debt-to-Total-Asset Chart

Aura Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.08

0.17

0.23

0.30

Aura Minerals 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															0.24	0.30	0.27	0.27	0.19

Aura Minerals LT-Debt-to-Total-Asset Calculation

Aura Minerals'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 )
	=	369.521	/	1239.402
	=	0.30

Aura Minerals'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 )
	=	240.366	/	1293.646
	=	0.19

Aura Minerals (TSX:ORA) 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.

Aura Minerals LT-Debt-to-Total-Asset Related Terms

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Aura Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aura Minerals Inc (TSX:ORA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ORAAF:USA A53:Germany AURA33:Brazil

Address

255 Giralda Ave, Suite 6W102, Coral Gables, FL, USA, 33134

Website

https://www.auraminerals.com

Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's oeprating segments are its operating assets and include the Minosa Mine, the Apoena, the Aranzazu copper-gold-silver mine in Mexico and Almas MI. In addition, the company has additional gold projects in Brazil, Almas and Matupa, one gold project in Colombia, Tolda Fria and other projects such as Borborema and Serra de Estrela. Majority of the revenue for the company is generated from its Aranzazu Mine segment.

Executives

Joao Kleber Dos Santos Cardoso	Senior Officer
Glauber Rosa Luvizotto	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Richmond Lee Fenn	Director
Paulo Carlos De Brito	10% Security Holder, Director
Northwestern Enterprises Ltd.	10% Security Holder
Rodrigo Cardoso Barbosa	Senior Officer
Philip Vincent Reade	Director
Monazita Resources Ltd.	10% Security Holder
Stephen Keith	Director