TNGMD (TGX Energy & Resources) LT-Debt-to-Total-Asset : 66.11 (As of Sep. 2024)

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What is TGX Energy & 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. TGX Energy & Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 66.11.

TGX Energy & Resources's long-term debt to total assets ratio declined from Sep. 2023 (66.95) to Sep. 2024 (66.11). It may suggest that TGX Energy & Resources is progressively becoming less dependent on debt to grow their business.

TGX Energy & Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for TGX Energy & 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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TGX Energy & Resources LT-Debt-to-Total-Asset Chart

TGX Energy & Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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7.93

41.33

76.41

TGX Energy & 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															66.95	76.41	40.23	61.18	66.11

TGX Energy & Resources LT-Debt-to-Total-Asset Calculation

TGX Energy & 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 )
	=	5.043	/	0.066
	=

TGX Energy & 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 )
	=	5.024	/	0.076
	=

TGX Energy & Resources (OTCPK:TNGMD) 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.

TGX Energy & Resources LT-Debt-to-Total-Asset Related Terms

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TGX Energy & Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TGX Energy & Resources Inc (OTCPK:TNGMD) » Definitions » LT-Debt-to-Total-Asset

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TGX:Canada

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

http://www.truenorthgems.com

TGX Energy & Resources Inc is engaged in the exploration and evaluation of natural resource properties in Canada. The company operates through the acquisition, exploration, and development of mineral properties segment.

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