Harmony Gold Mining Co (Harmony Gold Mining Co) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Harmony Gold Mining Co 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. Harmony Gold Mining Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Harmony Gold Mining Co's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.06). It may suggest that Harmony Gold Mining Co is progressively becoming less dependent on debt to grow their business.

Harmony Gold Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harmony Gold Mining Co'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.

* Premium members only.

Harmony Gold Mining Co LT-Debt-to-Total-Asset Chart

Harmony Gold Mining Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.17

0.06

0.07

0.10

Harmony Gold Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.13	0.10	0.06

Harmony Gold Mining Co LT-Debt-to-Total-Asset Calculation

Harmony Gold Mining Co'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 )
	=	314.861	/	3053.647
	=	0.10

Harmony Gold Mining Co'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 )
	=	179.683	/	3208.643
	=	0.06

Harmony Gold Mining Co (NYSE:HMY) 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.

Harmony Gold Mining Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Harmony Gold Mining Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Harmony Gold Mining Co (Harmony Gold Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harmony Gold Mining Co Ltd (NYSE:HMY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HAR:South Africa HGMCF:USA HAM1:Germany HAM:Germany HAM1:Germany HAM:Germany HMY:Argentina

Address

Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759

Website

https://www.harmony.co.za

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.