Orezone Gold (TSX:ORE) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2024)

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What is Orezone 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. Orezone Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.18.

Orezone Gold's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.18). It may suggest that Orezone Gold is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Orezone 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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Orezone Gold LT-Debt-to-Total-Asset Chart

Orezone Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.33

0.36

0.23

0.18

Orezone Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.20	0.18	0.14	0.18

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

Orezone Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	115.2	/	639.088
	=	0.18

Orezone Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	115.2	/	639.088
	=	0.18

Orezone Gold (TSX:ORE) 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.

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

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Orezone Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orezone Gold Corp (TSX:ORE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation, and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties.

Executives

Patrick Downey	Director
Dale Murray Tweed	Senior Officer
Kevin James Mackenzie	Senior Officer
T. Sean Harvey	Director
Resource Capital Fund Vii L.p.	10% Security Holder
Marco Locascio	Director
Tara Hassan	Director
Ryan Goodman	Senior Officer
Vanessa Pickering	Senior Officer
Derra Ousseni	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Joseph Francis Conway	Director
Charles Fergus Hoblyn Oliver	Director
Alun Robert Doyle	Director
Robert Duncan Henderson	Senior Officer
Louis Archambeault	Senior Officer

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