Northern Star Resources (ASX:NST) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Northern Star 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. Northern Star Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Northern Star Resources's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.09). It may suggest that Northern Star Resources is progressively becoming less dependent on debt to grow their business.

Northern Star Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northern Star 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.

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Northern Star Resources LT-Debt-to-Total-Asset Chart

Northern Star Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.12

0.07

0.04

0.10

0.09

Northern Star Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.06	0.10	0.09	0.09

Northern Star Resources LT-Debt-to-Total-Asset Calculation

Northern Star Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	1191.9	/	13080.8
	=	0.09

Northern Star Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1191.9	/	13080.8
	=	0.09

Northern Star Resources (ASX:NST) 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.

Northern Star Resources LT-Debt-to-Total-Asset Related Terms

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Northern Star Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NESRF:USA NS7:Germany

Address

500 Hay Street, Level 4, Subiaco, Perth, WA, AUS, 6008

Website

https://www.nsrltd.com

Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2024 from its three wholly owned mining operations in Australia and Alaska. Its current operations are the result of significant merger and acquisition activity including 13 acquisitions and four asset sales since 2010. Northern Star had roughly a decade of reserves at the end of fiscal 2024.

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