Big Red Mining (XCNQ:RED) Debt-to-Asset : 0.00 (As of Feb. 2024)

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What is Big Red Mining Debt-to-Asset?

Big Red Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Big Red Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Big Red Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$0.93 Mil. Big Red Mining's debt to asset for the quarter that ended in Feb. 2024 was 0.00.

Big Red Mining Debt-to-Asset Historical Data

The historical data trend for Big Red Mining'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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Big Red Mining Debt-to-Asset Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Asset

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Big Red Mining's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Big Red Mining'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.

Big Red Mining's Debt-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Big Red Mining's Debt-to-Asset falls into.

Big Red Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Big Red Mining's Debt-to-Asset for the fiscal year that ended in Aug. 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	+	0)	/	0.999
	=	0.00

Big Red Mining'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)	/	0.932
	=	0.00

Big Red Mining (XCNQ:RED) 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.

Big Red Mining Debt-to-Asset Related Terms

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Big Red Mining (XCNQ:RED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (XCNQ:RED) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

K8J:Germany

Address

101 - 17565 58 Avenue, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The Company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

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