Candelaria Mining (TSXV:CAND) LT-Debt-to-Total-Asset : 0.14 (As of Jan. 2024)

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What is Candelaria 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. Candelaria Mining's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.14.

Candelaria Mining's long-term debt to total assets ratio increased from Jan. 2023 (0.11) to Jan. 2024 (0.14). It may suggest that Candelaria Mining is progressively becoming more dependent on debt to grow their business.

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

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

Candelaria Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.05

0.08

0.12

Candelaria Mining Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.12	0.12	0.14	0.14

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

Candelaria Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	2.018	/	16.792
	=

Candelaria Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	2.311	/	16.292
	=

Candelaria Mining (TSXV:CAND) 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.

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

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Candelaria Mining (TSXV:CAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Candelaria Mining Corp (TSXV:CAND) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CDELF:USA

Address

1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.candelariamining.com

Candelaria Mining Corp is a precious metals focused exploration and mining company. It has two gold projects in Mexico; the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned exploration stage Caballo Blanco project located in the state of Veracruz.

Executives

Sergio Manuel Gomez

Director

Candelaria Mining (TSXV:CAND) Headlines

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