AltynGold (LSE:ALTN) Debt-to-Asset : 0.39 (As of Jun. 2024)

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What is AltynGold Debt-to-Asset?

AltynGold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £25.26 Mil. AltynGold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £20.31 Mil. AltynGold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was £118.11 Mil. AltynGold's debt to asset for the quarter that ended in Jun. 2024 was 0.39.

AltynGold Debt-to-Asset Historical Data

The historical data trend for AltynGold'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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AltynGold Debt-to-Asset Chart

AltynGold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.27

0.38

0.29

0.24

0.40

AltynGold 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															0.25	0.24	0.41	0.40	0.39

Competitive Comparison of AltynGold's Debt-to-Asset

For the Gold subindustry, AltynGold'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.

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

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

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

AltynGold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AltynGold'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
	=	(14.324	+	31.884)	/	114.938
	=	0.40

AltynGold'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
	=	(25.264	+	20.314)	/	118.106
	=	0.39

AltynGold (LSE:ALTN) 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.

AltynGold Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of AltynGold's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

AltynGold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AltynGold PLC (LSE:ALTN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GB_ALTN:Kazakhstan ALTNl:UK FPP0:Germany

Address

28 Eccleston Square, London, GBR, SW1V 1NZ

Website

https://www.altyn.uk

AltynGold PLC is engaged in the exploration and development of mineral resources. It focuses on the development of the underground mine and the processing of high-grade ore. The production of gold ore is carried out from the Sekisovskoye gold and silver deposits, and the mining activities and mining assets are in Kazakhstan. The Teren-Sai Project is an exploration and development project of AltynGold Plc. It is located in the East of Kazakhstan and is adjacent to Altyn's operating Sekisovskoye Mine. majority of revenue is generated from the sale of gold and silver.

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