GK Resources (TSXV:NIKL.H) Debt-to-Asset : 18.57 (As of Dec. 2023)

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What is GK Resources Debt-to-Asset?

GK Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.13 Mil. GK Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. GK Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$0.01 Mil. GK Resources's debt to asset for the quarter that ended in Dec. 2023 was 18.57.

GK Resources Debt-to-Asset Historical Data

The historical data trend for GK 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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GK Resources Debt-to-Asset Chart

GK Resources Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

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2.33

12.57

12.90

GK Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															9.00	18.50	8.47	12.90	18.57

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

For the Other Industrial Metals & Mining subindustry, GK 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.

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

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

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

GK Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

GK Resources's Debt-to-Asset for the fiscal year that ended in Sep. 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
	=	(0.129	+	0)	/	0.01
	=	12.90

GK Resources's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0.13	+	0)	/	0.007
	=	18.57

GK Resources (TSXV:NIKL.H) 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.

GK Resources Debt-to-Asset Related Terms

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GK Resources (TSXV:NIKL.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GK Resources Ltd (TSXV:NIKL.H) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E4N7

Website

https://www.gkresourcesltd.com

GK Resources Ltd is a Canada-based mineral exploration company. It is focused on the exploration and development of the Iron Lake Project which comprises 21 mineral claims totaling 8,035 hectares.

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