Mako Gold (ASX:MKG) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is Mako Gold Debt-to-Asset?

Mako Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Mako Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.13 Mil. Mako Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$33.98 Mil. Mako Gold's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

Mako Gold Debt-to-Asset Historical Data

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

Mako Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.01

Mako Gold Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial							0.01	0.01	0.01	0.01	0.01

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

For the Gold subindustry, Mako 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.

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

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

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

Mako Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mako 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
	=	(0.045	+	0.149)	/	34.22
	=	0.01

Mako 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
	=	(0.047	+	0.125)	/	33.981
	=	0.01

Mako Gold (ASX:MKG) 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.

Mako Gold Debt-to-Asset Related Terms

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Mako Gold (ASX:MKG) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

144 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

http://www.makogold.com.au

Mako Gold Ltd is engaged in the discovery and development of gold. The company's projects include The Napie project located in the north-central part of Cote d'Ivoire, The Tangora Project located in the southwestern part of Burkina Faso and the Niou Project located in the central part of Burkina Faso. Geographically it operates in Australia and Africa.

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