Tambourah Metals (ASX:TMB) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Tambourah Metals 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. Tambourah Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Tambourah Metals's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Tambourah Metals is progressively becoming more dependent on debt to grow their business.

Tambourah Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tambourah Metals'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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Tambourah Metals LT-Debt-to-Total-Asset Chart

Tambourah Metals Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

Tambourah Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	-	-	0.01	0.01

Tambourah Metals LT-Debt-to-Total-Asset Calculation

Tambourah Metals'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 )
	=	0.09	/	7.949
	=

Tambourah Metals'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 )
	=	0.063	/	10.332
	=

Tambourah Metals (ASX:TMB) 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.

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Tambourah Metals (ASX:TMB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tambourahmetals.com.au

Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

Tambourah Metals (ASX:TMB) Headlines

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