Quimbaya Gold (XCNQ:QIM) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

Quimbaya Gold's long-term debt to total assets ratio declined from Jun. 2023 (0.41) to Jun. 2024 (0.00). It may suggest that Quimbaya Gold is progressively becoming less dependent on debt to grow their business.

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

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

Quimbaya Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

Quimbaya Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.41	0.11	0.04	0.05	-

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

Quimbaya 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 )
	=	0.208	/	4.732
	=

Quimbaya Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	5.284
	=

Quimbaya Gold (XCNQ:QIM) 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.

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

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Quimbaya Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quimbaya Gold Inc (XCNQ:QIM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QIMGF:USA

Address

100 King Street West, Suite 6000, Toronto, ON, CAN, M5X 1E2

Website

https://www.quimbayagold.com

Quimbaya Gold Inc is engaged in the acquisition, exploration, and development of mineral properties in Colombia. The company holds interests in the Berrio project situated within the Segovia gold belt.

Executives

Alexandre Poirier-boivin	10% Security Holder, Director, Senior Officer
Olivier Berthiaume	Senior Officer
Jean-luc Peyrot	Director
Alexandre Poirier Boivin	Director, Senior Officer

Quimbaya Gold Headlines

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