Jubilee Gold Exploration (TSXV:JUB) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Jubilee Gold Exploration 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. Jubilee Gold Exploration's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Jubilee Gold Exploration's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Jubilee Gold Exploration is progressively becoming more dependent on debt to grow their business.

Jubilee Gold Exploration LT-Debt-to-Total-Asset Historical Data

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

Jubilee Gold Exploration Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Jubilee Gold Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Jubilee Gold Exploration LT-Debt-to-Total-Asset Calculation

Jubilee Gold Exploration'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 )
	=	0.034	/	6.299
	=

Jubilee Gold Exploration's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.034	/	6.299
	=

Jubilee Gold Exploration (TSXV:JUB) 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.

Jubilee Gold Exploration LT-Debt-to-Total-Asset Related Terms

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Jubilee Gold Exploration (TSXV:JUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Gold Exploration Ltd (TSXV:JUB) » Definitions » LT-Debt-to-Total-Asset

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Address

696 Warden Avenue, Toronto, ON, CAN, M1L 4W4

Website

Jubilee Gold Exploration Ltd is a Canadian-based mineral exploration company. The company is engaged in the business of exploring resource properties in Canada. It primarily explores gold deposits. Its properties include Brenbar Gold Property, Casummit Lake Property, McGarry Royalty, Birney Lake Property, and Others.

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