Asante Gold (XGHA:ASG) Debt-to-Asset : 0.06 (As of Apr. 2024)

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What is Asante Gold Debt-to-Asset?

Asante Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was GHS615 Mil. Asante Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was GHS44 Mil. Asante Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Apr. 2024 was GHS10,674 Mil. Asante Gold's debt to asset for the quarter that ended in Apr. 2024 was 0.06.

Asante Gold Debt-to-Asset Historical Data

The historical data trend for Asante Gold'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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Asante Gold Debt-to-Asset Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Asset

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0.56

0.41

0.01

0.05

0.07

Asante Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.06	0.05	0.07	0.06

Competitive Comparison of Asante Gold's Debt-to-Asset

For the Gold subindustry, Asante Gold'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.

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

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

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

Asante Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Asante Gold's Debt-to-Asset for the fiscal year that ended in Jan. 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
	=	(664.017	+	87.417)	/	10350.226
	=	0.07

Asante Gold's Debt-to-Asset for the quarter that ended in Apr. 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
	=	(614.597	+	43.723)	/	10673.879
	=	0.06

Asante Gold (XGHA:ASG) 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.

Asante Gold Debt-to-Asset Related Terms

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Asante Gold (XGHA:ASG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XGHA:ASG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ASGOF:USA 1A9:Germany ASE:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.