Tungsten Mining NL (ASX:TGN) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Tungsten Mining NL 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. Tungsten Mining NL's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Tungsten Mining NL's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Tungsten Mining NL is progressively becoming less dependent on debt to grow their business.

Tungsten Mining NL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tungsten Mining NL'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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Tungsten Mining NL LT-Debt-to-Total-Asset Chart

Tungsten Mining NL Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.02

Tungsten Mining NL Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.02	0.02	0.01

Tungsten Mining NL LT-Debt-to-Total-Asset Calculation

Tungsten Mining NL'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 )
	=	0.516	/	29.853
	=

Tungsten Mining NL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.445	/	45.074
	=

Tungsten Mining NL (ASX:TGN) 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.

Tungsten Mining NL LT-Debt-to-Total-Asset Related Terms

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Tungsten Mining NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tungsten Mining NL (ASX:TGN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

46 Colin Street, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.tungstenmining.com

Tungsten Mining NL is engaged in mineral exploration. The company is focused on the exploration and development of tungsten projects in Australia. Its projects include Mt Mulgine, Watershed, Big Hill, Kilba, Hatches Creek and Mineral Resources.