JAMGF (Tuktu Resources) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Tuktu 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. Tuktu Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Tuktu Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.04). It may suggest that Tuktu Resources is progressively becoming more dependent on debt to grow their business.

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

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

Tuktu Resources Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Tuktu Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.03	0.04

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

Tuktu 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 )
	=	0	/	6.997
	=	0.00

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.428	/	10.793
	=	0.04

Tuktu Resources (OTCPK:JAMGF) 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.

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

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Tuktu Resources Business Description

Industry

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

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TUK:Canada

Address

501, 888 - 4th Avenue South West, Calgary, AB, CAN, T2P 0V2

Website

https://www.tukturesources.com

Tuktu Resources Ltd is engaged in the oil and natural gas development and production company. It owns a diversified asset portfolio, including sweet natural gas assets and sweet light oil opportunities in the southern foothills.