Lake Victoria Gold (TSXV:LVG) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Lake Victoria 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. Lake Victoria Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Lake Victoria Gold's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Mar. 2024 (0.05). It may suggest that Lake Victoria Gold is progressively becoming less dependent on debt to grow their business.

Lake Victoria Gold LT-Debt-to-Total-Asset Historical Data

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

Lake Victoria Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

Lake Victoria Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.06	0.05	0.05

Lake Victoria Gold LT-Debt-to-Total-Asset Calculation

Lake Victoria Gold'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 )
	=	0.345	/	7.433
	=

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.354	/	7.375
	=

Lake Victoria Gold (TSXV:LVG) 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.

Lake Victoria Gold LT-Debt-to-Total-Asset Related Terms

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Lake Victoria Gold (TSXV:LVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Victoria Gold Ltd (TSXV:LVG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LVGLF:USA E1K:Germany E1K:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tembogold.com

Lake Victoria Gold Ltd is a junior mineral exploration company. It is engaged in the acquisition and exploration of mineral properties located in Tanzania. The company focuses on gold exploration and development. Its project includes the Tembo Gold Project located in northwest Tanzania. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets.

Executives

Simon Charles Benstead	10% Security Holder, Director, Senior Officer
Marc Cernovitch	Director

Lake Victoria Gold (TSXV:LVG) Headlines

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