Golden Mile Resources (ASX:G88) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Golden Mile Resources 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. Golden Mile Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Golden Mile Resources's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Golden Mile Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden Mile Resources'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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Golden Mile Resources LT-Debt-to-Total-Asset Chart

Golden Mile Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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Golden Mile Resources Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Golden Mile Resources LT-Debt-to-Total-Asset Calculation

Golden Mile Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0	/	6.983
	=

Golden Mile Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	6.088
	=

Golden Mile Resources (ASX:G88) 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.

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Golden Mile Resources (ASX:G88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Mile Resources Ltd (ASX:G88) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.goldenmileresources.com.au

Golden Mile Resources Ltd is an Australian based exploration company that owns several resource tenements in Western Australia and are actively exploring the tenements for gold, nickel and cobalt and related resources. Its projects include Quicksilver Nickel-Cobalt Project, Minara Nickel-Cobalt Project, Ironstone Well Au Project, Murchison Lithium and Gold, Yarrambee Project, Darlot Au Project, Yuinmery Project, Gidgee Polymetallic Project and Leonora East Gold Project. The principal business and geographical segment of the company is Mineral Exploration within Western Australia.

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