Norseman Gold (LSE:NGL) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2014)

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What is Norseman Gold 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. Norseman Gold's long-term debt to total assests ratio for the quarter that ended in Jun. 2014 was 0.00.

Norseman Gold's long-term debt to total assets ratio declined from Jun. 2012 (0.18) to Jun. 2014 (0.00). It may suggest that Norseman Gold is progressively becoming less dependent on debt to grow their business.

Norseman Gold LT-Debt-to-Total-Asset Historical Data

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

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

LT-Debt-to-Total-Asset

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0.06

0.04

0.18

0.68

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.06	0.04	0.18	0.68	-

Norseman Gold LT-Debt-to-Total-Asset Calculation

Norseman Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (A: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2014 )	/	Total Assets (A: Jun. 2014 )
	=	0	/	4.838
	=	0.00

Norseman Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (Q: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2014 )	/	Total Assets (Q: Jun. 2014 )
	=	0	/	4.838
	=	0.00

Norseman Gold (LSE:NGL) 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.

Norseman Gold LT-Debt-to-Total-Asset Related Terms

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Norseman Gold (LSE:NGL) Business Description

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.