Westgold Resources (TSX:WGX) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Westgold 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. Westgold Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Westgold Resources's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.03). It may suggest that Westgold Resources is progressively becoming more dependent on debt to grow their business.

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

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

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.01

0.03

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.02	0.02	0.01	0.02	0.03

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

Westgold Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	28.423	/	957.803
	=	0.03

Westgold Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	28.423	/	957.803
	=	0.03

Westgold Resources (TSX:WGX) 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.

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

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Westgold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westgold Resources Ltd (TSX:WGX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WGXRF:USA 0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments; Murchison Operations, Bryah Operations, and others. Murchison Operations segment contributes to the vast majority of revenue.

Westgold Resources Headlines

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