Galileo Mining (ASX:GAL) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Galileo Mining Debt-to-Asset?

Galileo Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Galileo Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Galileo Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$43.20 Mil. Galileo Mining's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Galileo Mining Debt-to-Asset Historical Data

The historical data trend for Galileo Mining'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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Galileo Mining Debt-to-Asset Chart

Galileo Mining Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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Galileo Mining Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Galileo Mining's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Galileo Mining'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.

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

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

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

Galileo Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Galileo Mining'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
	=	(0.055	+	0)	/	44.714
	=	0.00

Galileo Mining'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
	=	(0.025	+	0)	/	43.203
	=	0.00

Galileo Mining (ASX:GAL) 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.

Galileo Mining Debt-to-Asset Related Terms

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Galileo Mining (ASX:GAL) Business Description

Industry

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

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Traded in Other Exchanges

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Address

13 Colin Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.galileomining.com.au

Galileo Mining Ltd is engaged in the business of mineral exploration and development in Western Australia. It holds interests in the Fraser Range Project which covers exploration licences of approximately 492 km2 in the Albany-Fraser Orogen and Norseman Project which comprises exploration and prospecting licenses covering a total area of approximately 351 km2.