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Golden Prospect Precious Metals (LSE:GPM) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)


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What is Golden Prospect Precious Metals 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. Golden Prospect Precious Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Golden Prospect Precious Metals's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.08). It may suggest that Golden Prospect Precious Metals is progressively becoming less dependent on debt to grow their business.

Golden Prospect Precious Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden Prospect Precious Metals'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.

* Premium members only.

Golden Prospect Precious Metals LT-Debt-to-Total-Asset Chart

Golden Prospect Precious Metals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.03 0.11 0.09 0.12 0.08

Golden Prospect Precious Metals Semi-Annual Data
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 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 0.14 0.12 0.09 0.08

Golden Prospect Precious Metals LT-Debt-to-Total-Asset Calculation

Golden Prospect Precious Metals'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 )
=3.453/43.867
=0.08

Golden Prospect Precious Metals'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 )
=3.453/43.867
=0.08

* 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.

Golden Prospect Precious Metals  (LSE:GPM) 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.

Golden Prospect Precious Metals LT-Debt-to-Total-Asset Related Terms

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Golden Prospect Precious Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Golden Prospect Precious Metals Ltd (LSE:GPM) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
Royal Avenue, 1 Royal Plaza, Saint Peter Port, GGY, GY1 2HL
Website
https://www.ncim.co.uk
Golden Prospect Precious Metals Ltd is a closed-ended investment company. The company's investment objective is to generate above average returns for shareholders predominantly through the capital appreciation of its investments. It invests in portfolio of securities and other instruments in the precious metals, other metals, minerals, and commodities sectors.