Greatland Gold (FRA:G8G) LT-Debt-to-Total-Asset : 0.42 (As of Dec. 2023)

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What is Greatland Gold 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. Greatland Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.42.

Greatland Gold's long-term debt to total assets ratio increased from Dec. 2022 (0.39) to Dec. 2023 (0.42). It may suggest that Greatland Gold is progressively becoming more dependent on debt to grow their business.

Greatland Gold LT-Debt-to-Total-Asset Historical Data

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

Greatland Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.05

0.52

0.78

0.40

0.46

Greatland Gold 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															0.78	0.39	0.40	0.42	0.46

Greatland Gold LT-Debt-to-Total-Asset Calculation

Greatland Gold'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 )
	=	48.699	/	122.414
	=

Greatland Gold'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 )
	=	47.946	/	113.598
	=

Greatland Gold (FRA:G8G) 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.

Greatland Gold LT-Debt-to-Total-Asset Related Terms

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Greatland Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greatland Gold PLC (FRA:G8G) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GRLGF:USA GGP:UK G8G:Germany

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://greatlandgold.com

Greatland Gold PLC is a mining development and exploration company with a focus on precious and base metals. Greatland operates one segment being Exploration and Evaluation of Minerals and Mine Development. It operates in two geographic segments: the United Kingdom and Australia. The Company's flagship asset is the Havieron gold-copper deposit in the Paterson region of Western Australia. Some of its other projects include Juri, Scallywag, Rudall & Canning, Ernest Giles, Panorama, Bromus, Firetower, and Warrentinna.

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