Solstice Gold (TSXV:SGC) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Solstice 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. Solstice Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Solstice Gold's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.08). It may suggest that Solstice Gold is progressively becoming more dependent on debt to grow their business.

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

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

Solstice Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.05

0.02

0.04

Solstice Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	-	-	0.08

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

Solstice Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.04	/	1.136
	=

Solstice 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 )
	=	0.06	/	0.793
	=

Solstice Gold (TSXV:SGC) 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.

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

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Solstice Gold (TSXV:SGC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SGCPF:USA

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.solsticegold.com

Solstice Gold Corp is a gold exploration company. Its material property is the gold project at the Kahuna Property and Red Lake Extension project. .The Company is does exploration of mineral resource properties in Ontario and Nunavut, Canada.

Executives

Martin Edward Tunney

Director, Senior Officer