Ridgeline Minerals (TSXV:RDG) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Ridgeline Minerals 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. Ridgeline Minerals's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Ridgeline Minerals's long-term debt to total assets ratio stayed the same from Sep. 2022 (0.01) to Sep. 2023 (0.01).

Ridgeline Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ridgeline Minerals'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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Ridgeline Minerals LT-Debt-to-Total-Asset Chart

Ridgeline Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.01

Ridgeline Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.01	0.01	0.01	0.01

Ridgeline Minerals LT-Debt-to-Total-Asset Calculation

Ridgeline Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.082	/	13.239
	=

Ridgeline Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.116	/	15.918
	=

Ridgeline Minerals (TSXV:RDG) 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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Ridgeline Minerals (TSXV:RDG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RDGMF:USA 0GC0:Germany

Address

1066 West Hastings Street, Suite 1650, Vancouver, BC, CAN, V6E 3X1

Website

https://www.ridgelineminerals.com

Ridgeline Minerals Corp is a discovery-focused gold-silver explorer with a proven management team and an approximately 154 km exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain - Eureka Trends in Nevada.

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