Entree Resources (TSX:ETG) LT-Debt-to-Total-Asset : 2.09 (As of Mar. 2024)

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What is Entree Resources 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. Entree Resources's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 2.09.

Entree Resources's long-term debt to total assets ratio increased from Mar. 2023 (1.67) to Mar. 2024 (2.09). It may suggest that Entree Resources is progressively becoming more dependent on debt to grow their business.

Entree Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Entree Resources'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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Entree Resources LT-Debt-to-Total-Asset Chart

Entree Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.51

1.22

1.32

1.55

1.75

Entree Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.67	1.69	1.52	1.75	2.09

Entree Resources LT-Debt-to-Total-Asset Calculation

Entree Resources'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 )
	=	16.969	/	9.68
	=

Entree Resources'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 )
	=	17.283	/	8.283
	=

Entree Resources (TSX:ETG) 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.

Entree Resources LT-Debt-to-Total-Asset Related Terms

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Entree Resources (TSX:ETG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Entree Resources Ltd (TSX:ETG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ERLFF:USA 2EE:Germany

Address

1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1

Website

https://www.entreeresourcesltd.com

Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.

Entree Resources (TSX:ETG) Headlines

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