Tectonic Gold (FRA:LYC1) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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

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

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

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

Tectonic Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.07

0.08

0.04

Tectonic Gold Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

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

Tectonic Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.178	/	4.277
	=

Tectonic Gold'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 )
	=	0.178	/	4.277
	=	0.04

Tectonic Gold (FRA:LYC1) 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.

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

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Tectonic Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tectonic Gold PLC (FRA:LYC1) » Definitions » LT-Debt-to-Total-Asset

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TTAU:UK

Address

167-169 Great Portland Street, Fifth Floor, London, GBR, W1W 5PF

Website

https://www.tectonicgold.com

Tectonic Gold PLC is a specialist gold exploration company, focused on the identification and delineation of Intrusion Related Gold System assets. The company's geographical segment includes Australia. Its flagship project is Specimen Hill/Mt Rainbow in Queensland.

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