Persistence Resources Group (HKSE:02489) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

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

Persistence Resources Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Persistence Resources Group'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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Persistence Resources Group LT-Debt-to-Total-Asset Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	-

Persistence Resources Group LT-Debt-to-Total-Asset Calculation

Persistence Resources Group'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	/	1332.114
	=	0.00

Persistence Resources Group'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	/	1332.114
	=	0.00

Persistence Resources Group (HKSE:02489) 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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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Executives

Majestic Gold Corp.	2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

Persistence Resources Group (HKSE:02489) Headlines

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