ELKMF (Gold Road Resources) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)

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What is Gold Road Resources 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. Gold Road Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Gold Road Resources's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.10). It may suggest that Gold Road Resources is progressively becoming less dependent on debt to grow their business.

Gold Road Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gold Road Resources'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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Gold Road Resources LT-Debt-to-Total-Asset Chart

Gold Road Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.17

0.16

0.11

0.10

Gold Road Resources 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															-	0.11	0.10	0.10	0.10

Gold Road Resources LT-Debt-to-Total-Asset Calculation

Gold Road Resources'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 )
	=	76.858	/	788.656
	=	0.10

Gold Road Resources'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 )
	=	73.396	/	767.445
	=	0.10

Gold Road Resources (OTCPK:ELKMF) 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.

Gold Road Resources LT-Debt-to-Total-Asset Related Terms

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Gold Road Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Road Resources Ltd (OTCPK:ELKMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

E6Q:Germany E6Q:Germany E6Q:Germany GOR:Australia

Address

26 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldroad.com.au

Gold Road Resources Ltd together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company operates in three reportable segments that are Operations, Exploration, and Unallocated, out of which the majority of the revenue is generated from the Operations segment.