Excelsior Mining (TSX:MIN) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Excelsior Mining 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. Excelsior Mining's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Excelsior Mining's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.16). It may suggest that Excelsior Mining is progressively becoming more dependent on debt to grow their business.

Excelsior Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Excelsior Mining'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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Excelsior Mining LT-Debt-to-Total-Asset Chart

Excelsior Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.12

0.10

0.16

Excelsior Mining 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															0.14	0.14	0.14	0.16	0.16

Excelsior Mining LT-Debt-to-Total-Asset Calculation

Excelsior Mining'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 )
	=	25.128	/	156.173
	=	0.16

Excelsior Mining'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 )
	=	24.68	/	153.045
	=	0.16

Excelsior Mining (TSX:MIN) 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.

Excelsior Mining LT-Debt-to-Total-Asset Related Terms

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Excelsior Mining (TSX:MIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Excelsior Mining Corp (TSX:MIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EXMGF:USA 3XS:Germany

Address

2999 North 44th Street, Suite 300, Concord Place, Phoenix, AZ, USA, 85018

Website

https://www.excelsiormining.com

Excelsior Mining Corp is a Canada-based company which is engaged in exploration and development of copper. The firm's primary project is Gunnison Project and it operates through segments acquisition, exploration, and evaluation of mineral properties in North America. The Company's revenue majorly consists of the sales of copper cathode. It operates in one reportable operating segment in North America. The Company's property, plant and equipment is all in the United States.

Executives

Sheila Margaret Paine

Senior Officer