Turaco Gold (ASX:TCG) Debt-to-Asset : 0.01 (As of Jun. 2023)

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What is Turaco Gold Debt-to-Asset?

Turaco Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.04 Mil. Turaco Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.01 Mil. Turaco Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$5.85 Mil. Turaco Gold's debt to asset for the quarter that ended in Jun. 2023 was 0.01.

Turaco Gold Debt-to-Asset Historical Data

The historical data trend for Turaco Gold'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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Turaco Gold Debt-to-Asset Chart

Turaco Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

Turaco Gold Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Competitive Comparison of Turaco Gold's Debt-to-Asset

For the Gold subindustry, Turaco Gold'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.

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

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

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

Turaco Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Turaco Gold'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
	=	(0.031	+	0)	/	9.619
	=	0.00

Turaco Gold's Debt-to-Asset for the quarter that ended in Jun. 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	+	0.01)	/	5.852
	=	0.01

Turaco Gold (ASX:TCG) 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.

Turaco Gold Debt-to-Asset Related Terms

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Turaco Gold (ASX:TCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turaco Gold Ltd (ASX:TCG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.turacogold.com.au

Turaco Gold Ltd is engaged in the acquisition, exploration, and development of mineral interests, prospective for precious metals and other mineral deposits. Its exploration projects consist of the Boundiali gold project, Ferke gold project and Tongon north gold project.

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