New Murchison Gold (ASX:NMG) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is New Murchison Gold 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. New Murchison Gold's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

New Murchison Gold's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.00). It may suggest that New Murchison Gold is progressively becoming less dependent on debt to grow their business.

New Murchison Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for New Murchison Gold'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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New Murchison Gold LT-Debt-to-Total-Asset Chart

New Murchison Gold Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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1.46

9.43

17.69

0.02

New Murchison Gold Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															17.69	-	0.02	0.01	-

New Murchison Gold LT-Debt-to-Total-Asset Calculation

New Murchison Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	0.051	/	14.752
	=

New Murchison Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.051	/	14.752
	=

New Murchison Gold (ASX:NMG) 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.

New Murchison Gold LT-Debt-to-Total-Asset Related Terms

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New Murchison Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Murchison Gold Ltd (ASX:NMG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TJ30:Germany

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.newmurchgold.com.au

New Murchison Gold Ltd Formerly Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.