Thunder Mountain Gold (TSXV:THM) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Thunder Mountain 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. Thunder Mountain Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Thunder Mountain Gold's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Thunder Mountain Gold is progressively becoming less dependent on debt to grow their business.

Thunder Mountain Gold LT-Debt-to-Total-Asset Historical Data

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

Thunder Mountain Gold Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Thunder Mountain 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															0.01	0.01	0.01	-	-

Thunder Mountain Gold LT-Debt-to-Total-Asset Calculation

Thunder Mountain 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 )
	=	0.005	/	1.323
	=

Thunder Mountain 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	/	1.029
	=

Thunder Mountain Gold (TSXV:THM) 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.

Thunder Mountain Gold LT-Debt-to-Total-Asset Related Terms

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Thunder Mountain Gold (TSXV:THM) Business Description

Industry

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

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THMG:USA

Address

11770 W. President Drive, Suite F, Boise, ID, USA, 83713

Website

https://www.thundermountaingold.com

Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities. The company holds interests in the South Mountain and Trout Creek Project. The current land package at South Mountain consists of 17 patented mining claims encompassing approximately 326 acres, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land. In addition, the project owns 360 acres of private land (mill site) not contiguous with the mining claims. All holdings are in the South Mountain Mining District, Owyhee County, Idaho.