Triple Flag Precious Metals (TSX:TFPM) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Triple Flag Precious Metals 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. Triple Flag Precious Metals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Triple Flag Precious Metals's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Triple Flag Precious Metals is progressively becoming more dependent on debt to grow their business.

Triple Flag Precious Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Triple Flag Precious Metals'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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Triple Flag Precious Metals LT-Debt-to-Total-Asset Chart

Triple Flag Precious Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.21

0.03

Triple Flag Precious Metals Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	0.03	0.04	0.03	0.03

Triple Flag Precious Metals LT-Debt-to-Total-Asset Calculation

Triple Flag Precious Metals'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 )
	=	78.827	/	2541.613
	=	0.03

Triple Flag Precious Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	83.424	/	2576.653
	=	0.03

Triple Flag Precious Metals (TSX:TFPM) 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.

Triple Flag Precious Metals LT-Debt-to-Total-Asset Related Terms

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Triple Flag Precious Metals (TSX:TFPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Triple Flag Precious Metals Corp (TSX:TFPM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TFPM:USA 7781:Germany

Address

161 Bay Street, TD Canada Trust Tower, Suite 4535, Toronto, ON, CAN, M5J 2S1

Website

https://www.tripleflagpm.com

Triple Flag Precious Metals Corp is a gold-focused royalty and streaming company. The company's assets portfolio includes Northparkes, Fosterville, Cerro Lindo, and Pumpkin Hollow among others.

Executives

Leshan Soyini Daniel

Senior Officer