Anglo Asian Mining (FRA:A4A) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Anglo Asian Mining 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. Anglo Asian Mining's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Anglo Asian Mining's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.04). It may suggest that Anglo Asian Mining is progressively becoming more dependent on debt to grow their business.

Anglo Asian Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anglo Asian Mining'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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Anglo Asian Mining LT-Debt-to-Total-Asset Chart

Anglo Asian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

0.06

Anglo Asian Mining 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	0.01	0.06	0.04

Anglo Asian Mining LT-Debt-to-Total-Asset Calculation

Anglo Asian Mining'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 )
	=	8.272	/	141.809
	=	0.06

Anglo Asian Mining'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 )
	=	6.259	/	145.29
	=	0.04

Anglo Asian Mining (FRA:A4A) 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.

Anglo Asian Mining LT-Debt-to-Total-Asset Related Terms

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Anglo Asian Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo Asian Mining PLC (FRA:A4A) » Definitions » LT-Debt-to-Total-Asset

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AGXKF:USA AAZ.GB:UK AAZ:UK

Address

2 Izmir Street, 3rd Floor, Tower 2, Hyatt Regency Business Centre, Baku, AZE, AZ1065

Website

https://www.angloasianmining.com

Anglo Asian Mining PLC owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan. It has a substantial portfolio of greenfield assets in areas such as Gilar, Zafar, Xarxar, Garadag, and others all of them hosting substantial ore deposits. The company's mining operations mainly comprise its producing assets, the Gedabek and Gadir mines, and related exploration and development at its Gedabek mining concession. Its revenue consists of sales to third parties of gold contained within dore, gold and silver bullion to its refiners, and gold and copper concentrate. Key revenue is generated from the sales of gold within dore and gold bullion.

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