Pure Gold Mining (TSXV:PGM.H) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2022)

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What is Pure Gold 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. Pure Gold Mining's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.02.

Pure Gold Mining's long-term debt to total assets ratio declined from Sep. 2021 (0.37) to Sep. 2022 (0.02). It may suggest that Pure Gold Mining is progressively becoming less dependent on debt to grow their business.

Pure Gold Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pure Gold 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.

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Pure Gold Mining LT-Debt-to-Total-Asset Chart

Pure Gold Mining Annual Data

Trend

Mar12

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Mar18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.14

0.37

0.38

Pure Gold Mining Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.38	0.02	0.41	0.02

Pure Gold Mining LT-Debt-to-Total-Asset Calculation

Pure Gold Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	113.285	/	295.497
	=	0.38

Pure Gold Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	3.936	/	260.627
	=	0.02

Pure Gold Mining (TSXV:PGM.H) 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.

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Pure Gold Mining (TSXV:PGM.H) Business Description

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

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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