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Persistence Resources Group (HKSE:02489) Debt-to-Asset : 0.03 (As of Dec. 2023)


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What is Persistence Resources Group Debt-to-Asset?

Persistence Resources Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$32.8 Mil. Persistence Resources Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Persistence Resources Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$1,332.1 Mil. Persistence Resources Group's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Persistence Resources Group Debt-to-Asset Historical Data

The historical data trend for Persistence Resources Group'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.

* Premium members only.

Persistence Resources Group Debt-to-Asset Chart

Persistence Resources Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
0.04 0.04 0.03 0.03

Persistence Resources Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Asset Get a 7-Day Free Trial 0.04 - 0.03 0.03 0.03

Competitive Comparison of Persistence Resources Group's Debt-to-Asset

For the Gold subindustry, Persistence Resources Group'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.

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

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

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


Persistence Resources Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Persistence Resources Group's Debt-to-Asset for the fiscal year 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
=(32.813 + 0) / 1332.114
=0.02

Persistence Resources Group'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
=(32.813 + 0) / 1332.114
=0.02

* 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.

Persistence Resources Group  (HKSE:02489) 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.

Persistence Resources Group Debt-to-Asset Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG
Website
http://www.persistenceresource.com
Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.
Executives
Majestic Gold Corp. 2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

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