Tolu Minerals (ASX:TOK) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Tolu Minerals 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. Tolu Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Tolu Minerals's long-term debt to total assets ratio increased from Dec. 2021 (0.00) to Dec. 2023 (0.18). It may suggest that Tolu Minerals is progressively becoming more dependent on debt to grow their business.

Tolu Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tolu Minerals'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.

* Premium members only.

Tolu Minerals LT-Debt-to-Total-Asset Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.18

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	-	-	0.14	0.18

Tolu Minerals LT-Debt-to-Total-Asset Calculation

Tolu Minerals'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 )
	=	4.347	/	23.756
	=

Tolu Minerals'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 )
	=	4.347	/	23.756
	=

Tolu Minerals (ASX:TOK) 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.

Tolu Minerals LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Tolu Minerals's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tolu Minerals (ASX:TOK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.