Hillgrove Resources (Hillgrove Resources) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is Hillgrove Resources 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. Hillgrove Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

Hillgrove Resources's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.02). It may suggest that Hillgrove Resources is progressively becoming more dependent on debt to grow their business.

Hillgrove Resources LT-Debt-to-Total-Asset Historical Data

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

Hillgrove Resources Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

Hillgrove Resources Semi-Annual Data
	Jan14	Jul14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.02	0.07

Hillgrove Resources LT-Debt-to-Total-Asset Calculation

Hillgrove Resources'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 )
	=	5.024	/	67.641
	=

Hillgrove Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1.031	/	61.599
	=

Hillgrove Resources (OTCPK:HLGVF) 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.

Hillgrove Resources LT-Debt-to-Total-Asset Related Terms

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Hillgrove Resources (Hillgrove Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hillgrove Resources Ltd (OTCPK:HLGVF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HGO:Australia

Address

5-7 King William Road, P.O. Box 372, Ground Floor, Unley, SA, AUS, 5061

Website

https://www.hillgroveresources.com.au

Hillgrove Resources Ltd is a mineral exploration company. It is focused on developing the Kanmantoo Copper Gold Mine which is located in the Adelaide Hills region of South Australia.

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