EnviroGold Global (XCNQ:NVRO) LT-Debt-to-Total-Asset : 10.25 (As of Mar. 2024)

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What is EnviroGold Global 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. EnviroGold Global's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 10.25.

EnviroGold Global's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (10.25). It may suggest that EnviroGold Global is progressively becoming more dependent on debt to grow their business.

EnviroGold Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for EnviroGold Global'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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EnviroGold Global LT-Debt-to-Total-Asset Chart

EnviroGold Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

3.34

EnviroGold Global Quarterly Data
	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	0.44	1.41	3.34	10.25

EnviroGold Global LT-Debt-to-Total-Asset Calculation

EnviroGold Global'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 )
	=	4.607	/	1.378
	=

EnviroGold Global'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 )
	=	4.9	/	0.478
	=

EnviroGold Global (XCNQ:NVRO) 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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EnviroGold Global (XCNQ:NVRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EnviroGold Global Ltd (XCNQ:NVRO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ESGLF:USA YGK:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.envirogoldglobal.com

EnviroGold Global Ltd is a clean technology company capitalizing environmental stewardship and sustainably supplying the world's increasing demand for precious, critical, and strategic metals by profitably reclaiming unrecovered value from mine tailings and resource development waste streams.

Executives

John Walsh

Senior Officer