Grand T G Gold Holdings (HKSE:08299) LT-Debt-to-Total-Asset : 0.47 (As of Sep. 2023)

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What is Grand T G Gold Holdings 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. Grand T G Gold Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.47.

Grand T G Gold Holdings's long-term debt to total assets ratio increased from Sep. 2022 (0.37) to Sep. 2023 (0.47). It may suggest that Grand T G Gold Holdings is progressively becoming more dependent on debt to grow their business.

Grand T G Gold Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grand T G Gold Holdings'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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Grand T G Gold Holdings LT-Debt-to-Total-Asset Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

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Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.45

0.47

0.42

0.33

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	-	0.33	-	0.47

Grand T G Gold Holdings LT-Debt-to-Total-Asset Calculation

Grand T G Gold Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	302.966	/	907.01
	=	0.33

Grand T G Gold Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	497.75	/	1065.278
	=	0.47

Grand T G Gold Holdings (HKSE:08299) 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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Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » LT-Debt-to-Total-Asset

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

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