Green Shift Commodities (TSXV:GCOM) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Green Shift Commodities 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. Green Shift Commodities's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Green Shift Commodities's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Green Shift Commodities is progressively becoming more dependent on debt to grow their business.

Green Shift Commodities LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green Shift Commodities'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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Green Shift Commodities LT-Debt-to-Total-Asset Chart

Green Shift Commodities Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

Green Shift Commodities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Green Shift Commodities LT-Debt-to-Total-Asset Calculation

Green Shift Commodities's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.156	/	5.254
	=

Green Shift Commodities'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 )
	=	0.145	/	4.898
	=

Green Shift Commodities (TSXV:GCOM) 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.

Green Shift Commodities LT-Debt-to-Total-Asset Related Terms

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Green Shift Commodities (TSXV:GCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Green Shift Commodities Ltd (TSXV:GCOM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRCMF:USA 7WV:Germany

Address

401-217 Queen Street West, Toronto, ON, CAN, M5V 0R2

Website

https://www.greenshiftcommodities.com

Green Shift Commodities Ltd is a Canadian-based exploration company focused on the exploration of uranium and related minerals in South America. The group has a business presence in Canada, Colombia and Argentina.

Executives

Peter James Mullens	Director
Trumbull Grant Fisher	Director
Martin Edward Tunney	Director

Green Shift Commodities (TSXV:GCOM) Headlines

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