Thungela Resources (Thungela Resources) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Thungela 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. Thungela Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Thungela Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Thungela Resources is progressively becoming less dependent on debt to grow their business.

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

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

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	-	-	-	-

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

Thungela 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 )
	=	1.717	/	2494.848
	=	0.00

Thungela Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.717	/	2494.848
	=	0.00

Thungela Resources (OTCPK:TNGRF) 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.

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

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Thungela Resources (Thungela Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (OTCPK:TNGRF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

TGA:South Africa TGAl:UK TGA:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.

Thungela Resources (Thungela Resources) Headlines

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