Diamcor Mining (TSXV:DMI) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Diamcor 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. Diamcor Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Diamcor Mining's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that Diamcor Mining is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Diamcor 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.

* Premium members only.

Diamcor Mining LT-Debt-to-Total-Asset Chart

Diamcor Mining Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.15

0.46

0.03

0.02

Diamcor Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.03	0.02	0.02	0.02

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

Diamcor Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.13	/	8.021
	=	0.02

Diamcor Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.106	/	5.317
	=	0.02

Diamcor Mining (TSXV:DMI) 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.

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

Thank you for viewing the detailed overview of Diamcor Mining's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Diamcor Mining (TSXV:DMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diamcor Mining Inc (TSXV:DMI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DMIFF:USA

Address

1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include Kimberlite, Alluvial / Eluvial, and Tailings processing projects. Geographically, it operates in Canada and South Africa.

Executives

Dean Taylor

Director, Senior Officer

Diamcor Mining (TSXV:DMI) Headlines

No Headlines