Kobo Resources (TSXV:KRI) Debt-to-Asset : 0.00 (As of Sep. 2023)

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What is Kobo Resources Debt-to-Asset?

Kobo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kobo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kobo Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was C$2.87 Mil. Kobo Resources's debt to asset for the quarter that ended in Sep. 2023 was 0.00.

Kobo Resources Debt-to-Asset Historical Data

The historical data trend for Kobo Resources'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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Kobo Resources Debt-to-Asset Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

0.07

0.05

0.14

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial				-	0.14	0.01	-	-

Competitive Comparison of Kobo Resources's Debt-to-Asset

For the Gold subindustry, Kobo Resources'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.

Kobo Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Kobo Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kobo Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0.044)	/	0.308
	=	0.14

Kobo Resources's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0	+	0)	/	2.87
	=	0.00

Kobo Resources (TSXV:KRI) 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.

Kobo Resources Debt-to-Asset Related Terms

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Kobo Resources (TSXV:KRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobo Resources Inc (TSXV:KRI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

Kobo Resources (TSXV:KRI) Headlines

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