Adelong Gold (ASX:ADG) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is Adelong Gold Debt-to-Asset?

Adelong Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.25 Mil. Adelong Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Adelong Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$6.54 Mil. Adelong Gold's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

Adelong Gold Debt-to-Asset Historical Data

The historical data trend for Adelong 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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Adelong Gold Debt-to-Asset Chart

Adelong Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.04

Adelong 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															-	-	-	0.04	0.04

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

For the Gold subindustry, Adelong 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.

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

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

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

Adelong Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Adelong Gold's Debt-to-Asset for the fiscal year 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
	=	(0.25	+	0)	/	6.412
	=	0.04

Adelong Gold's Debt-to-Asset for the quarter 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
	=	(0.25	+	0)	/	6.542
	=	0.04

Adelong Gold (ASX:ADG) 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.

Adelong Gold Debt-to-Asset Related Terms

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Adelong Gold (ASX:ADG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

91 William Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.adelonggold.com

Adelong Gold Ltd is a mineral exploration company based in Australia. The mineral exploration includes copper, zinc, gold and other metals with a particular focus on the Gold project of the company. Its projects include the Adelong Gold project in New South Wales (NSW). The company's segment includes Adelong Gold, Challenger, Platquest, Alltower.

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