Independence Gold (TSXV:IGO) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Independence Gold 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. Independence Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Independence Gold's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.04). It may suggest that Independence Gold is progressively becoming less dependent on debt to grow their business.

Independence Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Independence Gold'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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Independence Gold LT-Debt-to-Total-Asset Chart

Independence Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.07

0.04

Independence Gold 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															0.07	0.07	0.06	0.04	0.04

Independence Gold LT-Debt-to-Total-Asset Calculation

Independence Gold'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 )
	=	0.31	/	8.47
	=

Independence Gold'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 )
	=	0.287	/	8.011
	=

Independence Gold (TSXV:IGO) 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.

Independence Gold LT-Debt-to-Total-Asset Related Terms

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Independence Gold (TSXV:IGO) Business Description

Industry

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

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Traded in Other Exchanges

IEGCF:USA

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

http://www.ingold.ca

Independence Gold Corp is a mineral exploration company. Its holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. Its BC properties include 3Ts Project; Merit Property; Nicoamen Property; Anita Property; and Yukon properties include Boulevard Project; Moosehorn Project. It has one segment which is the acquisition, exploration, and evaluation of mineral properties in North America.

Executives

Harry Chan

Senior Officer

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