Goldflare Exploration (Goldflare Exploration) LT-Debt-to-Total-Asset : 0.04 (As of Nov. 2023)

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What is Goldflare Exploration 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. Goldflare Exploration's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.04.

Goldflare Exploration's long-term debt to total assets ratio increased from Nov. 2022 (0.02) to Nov. 2023 (0.04). It may suggest that Goldflare Exploration is progressively becoming more dependent on debt to grow their business.

Goldflare Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goldflare Exploration'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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Goldflare Exploration LT-Debt-to-Total-Asset Chart

Goldflare Exploration Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.07

0.04

0.03

0.04

Goldflare Exploration Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.04	0.04	0.04	0.04

Goldflare Exploration LT-Debt-to-Total-Asset Calculation

Goldflare Exploration's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	0.107	/	2.795
	=

Goldflare Exploration's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	0.105	/	2.831
	=

Goldflare Exploration (OTCPK:TYPFF) 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.

Goldflare Exploration LT-Debt-to-Total-Asset Related Terms

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Goldflare Exploration (Goldflare Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldflare Exploration Inc (OTCPK:TYPFF) » Definitions » LT-Debt-to-Total-Asset

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GOFL:Canada

Address

458, des Laurentides Boulevard, Piedmont, QC, CAN, J0R 1K0

Website

https://www.goldflare.ca

Goldflare Exploration Inc is a mineral exploration company that owns a diversified portfolio of properties. The company is the sole owner of the Aiguebelle-Goldfields, Ranger, Windfall, and Syenite Condor Properties; and it holds 50% of the Destorbelle Property. All of its properties are located in Quebec.