Riley Gold (TSXV:RLYG) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Riley 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. Riley Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Riley Gold's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Riley Gold is progressively becoming more dependent on debt to grow their business.

Riley Gold LT-Debt-to-Total-Asset Historical Data

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

Riley Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Riley Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.03	0.02

Riley Gold LT-Debt-to-Total-Asset Calculation

Riley 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 )
	=	0.14	/	6.233
	=

Riley Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.14	/	6.233
	=

Riley Gold (TSXV:RLYG) 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.

Riley Gold LT-Debt-to-Total-Asset Related Terms

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Riley Gold (TSXV:RLYG) Business Description

Industry

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

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RLYGF:USA

Address

1055 West Hastings Street, Suite 2390, Vancouver, BC, CAN, V6E 2E9

Website

https://www.rileygoldcorp.com

Riley Gold Corp is a Canada based precious metals exploration company. It is engaged in the acquisition and exploration of mineral properties located in the state of Nevada, USA. The company's projects include the Tokop Gold project, Pipeline West/Clipper Project and the East Manhattan wash project.

Executives

Todd Hilditch

Senior Officer

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