Inca One Gold (TSXV:INCA) LT-Debt-to-Total-Asset : 0.08 (As of Jan. 2024)

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What is Inca One 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. Inca One Gold's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.08.

Inca One Gold's long-term debt to total assets ratio increased from Jan. 2023 (0.01) to Jan. 2024 (0.08). It may suggest that Inca One Gold is progressively becoming more dependent on debt to grow their business.

Inca One Gold LT-Debt-to-Total-Asset Historical Data

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

Inca One Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.06

0.09

0.05

0.03

0.05

Inca One Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.05	0.05	0.06	0.08

Inca One Gold LT-Debt-to-Total-Asset Calculation

Inca One Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	1.408	/	28.233
	=	0.05

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

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	2.381	/	30.94
	=	0.08

Inca One Gold (TSXV:INCA) 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.

Inca One Gold LT-Debt-to-Total-Asset Related Terms

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Inca One Gold (TSXV:INCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inca One Gold Corp (TSXV:INCA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

INCAF:USA SU92:Germany

Address

1140 West Pender Street, Suite 850, Vancouver, BC, CAN, V6E 4G1

Website

https://www.incaone.com

Inca One Gold Corp is a mineral resource company and mineral processing company. It is engaged in the business of developing gold-bearing mineral processing operations in Peru. Its activities consist of the production of gold and silver from the processing of purchased minerals. It provides its service basically to small-scale miners. It's Chala One milling facility located in Chala, Southern Peru. The Koricancha ore processing facility located in Peru. The company operates through a gold milling facility and generates revenue from the same.

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