Orezone Gold (TSX:ORE) Debt-to-Asset : 0.26 (As of Mar. 2024)

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What is Orezone Gold Debt-to-Asset?

Orezone Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$27.0 Mil. Orezone Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$91.2 Mil. Orezone Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$450.7 Mil. Orezone Gold's debt to asset for the quarter that ended in Mar. 2024 was 0.26.

Orezone Gold Debt-to-Asset Historical Data

The historical data trend for Orezone Gold's Debt-to-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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Orezone Gold Debt-to-Asset Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.33

0.49

0.29

Orezone Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.39	0.33	0.32	0.29	0.26

Competitive Comparison of Orezone Gold's Debt-to-Asset

For the Gold subindustry, Orezone Gold's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Orezone Gold's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Orezone Gold's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Orezone Gold's Debt-to-Asset falls into.

Orezone Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Orezone Gold's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(27.362	+	97.944)	/	429.418
	=	0.29

Orezone Gold's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(26.962	+	91.154)	/	450.728
	=	0.26

Orezone Gold (TSX:ORE) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Orezone Gold Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Orezone Gold's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Orezone Gold (TSX:ORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orezone Gold Corp (TSX:ORE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

Orezone Gold (TSX:ORE) Headlines

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