GGL Resources (TSXV:GGL) Debt-to-Asset : 0.00 (As of Feb. 2024)

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What is GGL Resources Debt-to-Asset?

GGL Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. GGL Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. GGL Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$5.64 Mil. GGL Resources's debt to asset for the quarter that ended in Feb. 2024 was 0.00.

GGL Resources Debt-to-Asset Historical Data

The historical data trend for GGL Resources's Debt-to-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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GGL Resources Debt-to-Asset Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Asset

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0.01

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Competitive Comparison of GGL Resources's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, GGL Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GGL Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, GGL Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where GGL Resources's Debt-to-Asset falls into.

GGL Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

GGL Resources's Debt-to-Asset for the fiscal year that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.06	+	0)	/	5.516
	=	0.01

GGL Resources's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	5.644
	=	0.00

GGL Resources (TSXV:GGL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

GGL Resources Debt-to-Asset Related Terms

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GGL Resources (TSXV:GGL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

Executives

David Kelsch

Director, Senior Officer

GGL Resources (TSXV:GGL) Headlines

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