TomaGold (FRA:OTM) LT-Debt-to-Total-Asset : 0.25 (As of Nov. 2024)

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What is TomaGold 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. TomaGold's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.25.

TomaGold's long-term debt to total assets ratio increased from Nov. 2023 (0.00) to Nov. 2024 (0.25). It may suggest that TomaGold is progressively becoming more dependent on debt to grow their business.

TomaGold LT-Debt-to-Total-Asset Historical Data

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

TomaGold Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.01

0.32

TomaGold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.32	0.25

TomaGold LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	0.018	/	0.057
	=

TomaGold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0.018	/	0.073
	=

TomaGold (FRA:OTM) 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.

TomaGold LT-Debt-to-Total-Asset Related Terms

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TomaGold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TomaGold Corp (FRA:OTM) » Definitions » LT-Debt-to-Total-Asset

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TOGOF:USA LOT:Canada

Address

410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.tomagoldcorp.com

TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Obalski (Gold-Copper), Star Lake (REE), Brisk Extension (Lithium-REE), Monster Lake East (Gold), Monster Lake West (Gold), Hazeur (Gold), Baird (Gold), and Lac Doda (Gold) The company operates through a single segment Exploration and evaluation of mineral resources.

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