Turaco Gold (ASX:TCG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

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

Turaco Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Turaco 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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Turaco Gold LT-Debt-to-Total-Asset Chart

Turaco Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Turaco Gold 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															0.01	0.01	-	-	-

Turaco Gold LT-Debt-to-Total-Asset Calculation

Turaco Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	9.619
	=

Turaco Gold'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 )
	=	0	/	27.282
	=

Turaco Gold (ASX:TCG) 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.

Turaco Gold LT-Debt-to-Total-Asset Related Terms

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Turaco Gold Business Description

Industry

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

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Address

50 Ord Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.turacogold.com.au

Turaco Gold Ltd is engaged in the acquisition, exploration, and development of mineral interests, prospective for precious metals and other mineral deposits. Its exploration projects consist of the Afema Gold Project and Eburnea Gold Project.

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