Tambourah Metals (ASX:TMB) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is Tambourah Metals Debt-to-Asset?

Tambourah Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Tambourah Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Tambourah Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$10.33 Mil. Tambourah Metals's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

Tambourah Metals Debt-to-Asset Historical Data

The historical data trend for Tambourah Metals'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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Tambourah Metals Debt-to-Asset Chart

Tambourah Metals Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

0.02

Tambourah Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	-	-	-	0.02	0.01

Competitive Comparison of Tambourah Metals's Debt-to-Asset

For the Gold subindustry, Tambourah Metals'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.

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

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

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

Tambourah Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tambourah Metals'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
	=	(0.051	+	0.09)	/	7.949
	=	0.02

Tambourah Metals'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
	=	(0.053	+	0.063)	/	10.332
	=	0.01

Tambourah Metals (ASX:TMB) 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.

Tambourah Metals Debt-to-Asset Related Terms

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Tambourah Metals (ASX:TMB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tambourahmetals.com.au

Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

Tambourah Metals (ASX:TMB) Headlines

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