GEODF (Geodrill) Debt-to-Asset : 0.07 (As of Sep. 2024)

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What is Geodrill Debt-to-Asset?

Geodrill's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.2 Mil. Geodrill's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.8 Mil. Geodrill's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $162.4 Mil. Geodrill's debt to asset for the quarter that ended in Sep. 2024 was 0.07.

Geodrill Debt-to-Asset Historical Data

The historical data trend for Geodrill'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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Geodrill Debt-to-Asset Chart

Geodrill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.04

0.07

0.04

0.09

Geodrill Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.09	0.09	0.07	0.06	0.07

Competitive Comparison of Geodrill's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Geodrill'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.

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

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

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

Geodrill Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Geodrill's Debt-to-Asset for the fiscal year 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
	=	(12.085	+	0.54)	/	148.609
	=	0.08

Geodrill's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(8.22	+	2.79)	/	162.433
	=	0.07

Geodrill (OTCPK:GEODF) 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.

Geodrill Debt-to-Asset Related Terms

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Geodrill Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geodrill Ltd (OTCPK:GEODF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

7GD:Germany GEO:Canada

Address

18 Peel Road, South Suite, Ragnall House, Douglas, IMN, IM1 4LZ

Website

https://www.geodrill-gh.com

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to intermediate, and junior mining companies.