Nagambie Resources (ASX:NAG) Debt-to-Asset : 0.20 (As of Jun. 2024)

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What is Nagambie Resources Debt-to-Asset?

Nagambie Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.71 Mil. Nagambie Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$3.87 Mil. Nagambie Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$23.37 Mil. Nagambie Resources's debt to asset for the quarter that ended in Jun. 2024 was 0.20.

Nagambie Resources Debt-to-Asset Historical Data

The historical data trend for Nagambie Resources'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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Nagambie Resources Debt-to-Asset Chart

Nagambie Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.28

0.41

0.34

0.36

0.20

Nagambie Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.37	0.36	0.20	0.20

Competitive Comparison of Nagambie Resources's Debt-to-Asset

For the Gold subindustry, Nagambie Resources'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.

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

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

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

Nagambie Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nagambie Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.714	+	3.869)	/	23.365
	=	0.20

Nagambie Resources's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.714	+	3.869)	/	23.365
	=	0.20

Nagambie Resources (ASX:NAG) 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.

Nagambie Resources Debt-to-Asset Related Terms

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Nagambie Resources Business Description

Industry

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

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Address

533 Zanelli Road, P.O. Box 339, Nagambie, VIC, AUS, 3608

Website

https://www.nagambieresources.com.au

Nagambie Resources Ltd is engaged in the investigation and development of waste handling assets and the exploration and development of gold associated minerals and construction materials in Australia. Geographically, the company operates within Australia.

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