Lode Gold Resources (TSXV:LOD) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Lode Gold 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. Lode Gold Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Lode Gold Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.13) to Sep. 2024 (0.13). It may suggest that Lode Gold Resources is progressively becoming more dependent on debt to grow their business.

Lode Gold Resources LT-Debt-to-Total-Asset Historical Data

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

Lode Gold Resources Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.11

Lode Gold Resources 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															0.13	0.11	0.12	0.12	0.13

Lode Gold Resources LT-Debt-to-Total-Asset Calculation

Lode Gold Resources'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 )
	=	2.936	/	26.509
	=

Lode Gold Resources'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 )
	=	3.546	/	27.473
	=

Lode Gold Resources (TSXV:LOD) 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.

Lode Gold Resources LT-Debt-to-Total-Asset Related Terms

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Lode Gold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Gold Resources Inc (TSXV:LOD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LODFF:USA

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.lode-gold.com

Lode Gold Resources Inc is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions. The company projects are McIntyre Brook Project, Golden Culvert and Win Projects. It also holds a pipeline of early-stage exploration projects including the critical mineral Captain Cobalt-Copper-Gold Deposit in New Brunswick and the Dingman Gold Project, Ontario.

Executives

Yongbiao Ding	Senior Officer
Wendy Chan	Director

Lode Gold Resources Headlines

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