GGL Resources (TSXV:GGL) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2024)

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What is GGL Resources 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. GGL Resources's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.00.

GGL Resources's long-term debt to total assets ratio stayed the same from Aug. 2023 (0.00) to Aug. 2024 (0.00).

GGL Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for GGL Resources'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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GGL Resources LT-Debt-to-Total-Asset Chart

GGL Resources Annual Data

Trend

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LT-Debt-to-Total-Asset

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0.01

GGL Resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

GGL Resources LT-Debt-to-Total-Asset Calculation

GGL Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0	/	5.516
	=

GGL Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0	/	5.816
	=

GGL Resources (TSXV:GGL) 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.

GGL Resources LT-Debt-to-Total-Asset Related Terms

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GGL Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGL Resources Corp (TSXV:GGL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

Executives

William Arthur Barclay	Director
David Kelsch	Director, Senior Officer
Matthew Arthur Thomas Turner	Director

GGL Resources Headlines

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