Minera IRL (XCNQ:MIRL) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Minera IRL 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. Minera IRL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Minera IRL's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Mar. 2024 (0.01). It may suggest that Minera IRL is progressively becoming less dependent on debt to grow their business.

Minera IRL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Minera IRL'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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Minera IRL LT-Debt-to-Total-Asset Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.40

0.42

0.02

Minera IRL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	-	0.03	0.01

Minera IRL LT-Debt-to-Total-Asset Calculation

Minera IRL'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 )
	=	4.3	/	249.926
	=	0.02

Minera IRL'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 )
	=	3.403	/	246.103
	=	0.01

Minera IRL (XCNQ:MIRL) 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.

Minera IRL LT-Debt-to-Total-Asset Related Terms

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Minera IRL (XCNQ:MIRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (XCNQ:MIRL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

Executives

Diego Benavides	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gerardo Perez Delgado	Director

Minera IRL (XCNQ:MIRL) Headlines

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