Allied Gold (TSX:AAUC) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Allied 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. Allied Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Allied Gold's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Mar. 2024 (0.00). It may suggest that Allied Gold is progressively becoming less dependent on debt to grow their business.

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

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

Allied Gold Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.11

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.05	-	0.11	0.11	-

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

Allied Gold'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 )
	=	138.798	/	1282.953
	=	0.11

Allied Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	1259.97
	=	0.00

Allied Gold (TSX:AAUC) 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.

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

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Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

Allied Gold (TSX:AAUC) Headlines

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