Sail Mining Group (JSE:SGP) LT-Debt-to-Total-Asset: 0.09 (As of Aug. 2021)


What is Sail Mining Group LT-Debt-to-Total-Asset?

Sail Mining Group JSE:SGP LT-Debt-to-Total-Asset is 0.09 as of Aug. 2021.

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. Sail Mining Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2021 was 0.09.

Sail Mining Group's long-term debt to total assets ratio declined from Aug. 2020 (0.09) to Aug. 2021 (0.09). It may suggest that Sail Mining Group is progressively becoming less dependent on debt to grow their business.

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group LT-Debt-to-Total-Asset Related Terms

Sail Mining Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Sail Mining 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.

Sail Mining Group LT-Debt-to-Total-Asset Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.28 0.12 0.13 0.25

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.13 0.09 0.25 0.09

Sail Mining Group LT-Debt-to-Total-Asset Calculation

Sail Mining Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2021 is calculated as

LT Debt to Total Assets (A: Feb. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Feb. 2021 )/Total Assets (A: Feb. 2021 )
=394.666/1601.418
=0.25

Sail Mining Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (Q: Aug. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2021 )/Total Assets (Q: Aug. 2021 )
=105.495/1203.237
=0.09

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.09 mean?
Sail Mining Group (JSE:SGP) has a LT-Debt-to-Total-Asset of 0.09 as of Aug. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's LT-Debt-to-Total-Asset too high?
Sail Mining Group's current LT-Debt-to-Total-Asset is 0.09.
How does Sail Mining Group's LT-Debt-to-Total-Asset compare to BHPBF?
Sail Mining Group's LT-Debt-to-Total-Asset of 0.09 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?
A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Sail Mining Group and its competitors. Sail Mining Group's current LT-Debt-to-Total-Asset is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current LT-Debt-to-Total-Asset of 0.09. The current LT-Debt-to-Total-Asset is 0.09. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current LT-Debt-to-Total-Asset is 0.09 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.