Tongguan Gold Group (HKSE:00340) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Tongguan Gold Group 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. Tongguan Gold Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Tongguan Gold Group's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.01). It may suggest that Tongguan Gold Group is progressively becoming less dependent on debt to grow their business.

Tongguan Gold Group LT-Debt-to-Total-Asset Historical Data

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

Tongguan Gold Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.01

0.03

0.01

Tongguan Gold Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.03	-	0.01

Tongguan Gold Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	34.151	/	4593.704
	=	0.01

Tongguan Gold Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	34.151	/	4593.704
	=	0.01

Tongguan Gold Group (HKSE:00340) 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.

Tongguan Gold Group LT-Debt-to-Total-Asset Related Terms

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Tongguan Gold Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Room 2707A, 27th Floor, Office Tower of Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It is engaged in (i) gold mining operation, which is sale of mine-produced gold, including gold concentrate, gold bullion and related products, that contains of gold exploration, mining, processing and/or smelting operations; and (ii) gold recycling, which is purchasing the gold related materials, refining and sale of gold bullion. The Group's gold mining operation and gold recycling are mainly carried out in the People's Republic of China (the PRC).

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group Headlines

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