Goldex Resources (TSXV:GDX) LT-Debt-to-Total-Asset : 1.02 (As of Sep. 2023)

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What is Goldex 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. Goldex Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.02.

Goldex Resources's long-term debt to total assets ratio increased from Jun. 2022 (0.70) to Sep. 2023 (1.02). It may suggest that Goldex Resources is progressively becoming more dependent on debt to grow their business.

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

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

Goldex Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.44

0.42

0.62

0.79

Goldex Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.70	0.74	0.79	0.88	1.02

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

Goldex Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.101	/	1.386
	=

Goldex Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.36	/	1.336
	=

Goldex Resources (TSXV:GDX) 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.

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

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Goldex Resources (TSXV:GDX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GDXRF:USA G6T2:Germany

Address

610 - 700 West Pender Street, Vancouver, BC, CAN, V6C 1G8

Website

http://www.goldex.ca

Goldex Resources Corp is engaged in the process of exploring mineral interests. The company is principally involved in the acquisition and exploration of gold exploration and evaluation assets. Some of its properties are El Pato, Las Minas and Silimanita and San Juan. Geographically, it operates in Canada and Guatemala.

Executives

Raymond Strafehl

Director