Alkane Resources (ASX:ALK) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 1969. Start your Free Trial

What is Alkane Resources LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Alkane Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Alkane Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Alkane Resources is progressively becoming less dependent on debt to grow their business.

Alkane Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alkane Resources's LT-Debt-to-Total-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.

Alkane Resources LT-Debt-to-Total-Asset Chart

Alkane Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.03

0.02

Alkane Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.02	0.02	0.01

Alkane Resources LT-Debt-to-Total-Asset Calculation

Alkane Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	6.175	/	412.19
	=	0.01

Alkane Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3.8	/	419.278
	=	0.01

Alkane Resources (ASX:ALK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Alkane Resources LT-Debt-to-Total-Asset Related Terms

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

Alkane Resources (ASX:ALK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alkane Resources Ltd (ASX:ALK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ALKEF:USA AK7:Germany

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.alkane.com.au

Alkane Resources Ltd owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, located 50km southwest of Dubbo. It also holds several prospective gold and copper tenements in Central West NSW, including the Boda deposit 20km north of Wellington. The initial Boda and Kaiser resource estimates suggest a genuine prospect for a large-tonnage gold-copper development.