Karora Resources (TSX:KRR) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is Karora Resources Debt-to-Asset?

Karora Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.8 Mil. Karora Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$53.3 Mil. Karora Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$604.6 Mil. Karora Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

Karora Resources Debt-to-Asset Historical Data

The historical data trend for Karora 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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Karora Resources Debt-to-Asset Chart

Karora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.18

0.11

0.10

0.09

0.10

Karora Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.09	0.09	0.10	0.11	0.10

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

For the Gold subindustry, Karora 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.

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

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

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

Karora Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Karora Resources'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
	=	(9.825	+	53.33)	/	604.648
	=	0.10

Karora Resources'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
	=	(9.825	+	53.33)	/	604.648
	=	0.10

Karora Resources (TSX:KRR) 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.

Karora Resources Debt-to-Asset Related Terms

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Karora Resources (TSX:KRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Karora Resources Inc (TSX:KRR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KRRGF:USA 5RN1:Germany

Address

141 Adelaide Street West, Suite 1608, Toronto, ON, CAN, M5H 3L5

Website

https://www.karoraresources.com

Karora Resources Inc is a multi-asset mineral resource company engaged in the production and exploration and evaluation activities in Australia. Its main assets are the Beta Hunt Mine; HGO toll processing and gold mining operation; and the Spargos Reward Gold Project, all of which are located in Western Australia.

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