Sage Potash (TSXV:SAGE) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is Sage Potash Debt-to-Asset?

Sage Potash's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Sage Potash's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Sage Potash's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$1.81 Mil. Sage Potash's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

Sage Potash Debt-to-Asset Historical Data

The historical data trend for Sage Potash'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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Sage Potash Debt-to-Asset Chart

Sage Potash Annual Data

Trend

Debt-to-Asset

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			-	-	0.04	0.03	0.04

Competitive Comparison of Sage Potash's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Sage Potash'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.

Sage Potash's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Sage Potash Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sage Potash's Debt-to-Asset for the fiscal year that ended in . 20 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(	+	)	/
	=	N/A

Sage Potash'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
	=	(0.039	+	0.025)	/	1.813
	=	0.04

Sage Potash (TSXV:SAGE) 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.

Sage Potash Debt-to-Asset Related Terms

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Sage Potash (TSXV:SAGE) Business Description

Industry

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

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Traded in Other Exchanges

SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.