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

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

Awale Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Awale Resources is progressively becoming less dependent on debt to grow their business.

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

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

Awale Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Awale Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	0.01	-

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

Awale 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 )
	=	0	/	9.277
	=

Awale 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 )
	=	0	/	9.277
	=

Awale Resources (TSXV:ARIC) 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.

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

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Awale Resources (TSXV:ARIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Awale Resources Ltd (TSXV:ARIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AWLRF:USA

Address

625 Howe Street, Suite 1020, Vancouver, BC, CAN, V6C 2T6

Website

https://www.awaleresources.com

Awale Resources Ltd is engaged in gold exploration in Cote d'Ivoire. The company projects include Bondoukou, Odienne, and Abengourou.

Executives

Robin Jonathan Eckford Birchall	Director
Andrew Chubb	Director, Senior Officer
Derk Hartman	Director
Kathryn Ellen Witter	Senior Officer

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