Zodiac Gold (TSXV:ZAU) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

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What is Zodiac 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. Zodiac Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Zodiac Gold's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.18). It may suggest that Zodiac Gold is progressively becoming more dependent on debt to grow their business.

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

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

Zodiac Gold Annual Data

Trend

Mar22

Mar23

LT-Debt-to-Total-Asset

0.27

0.29

Zodiac Gold Quarterly Data
	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.29	0.23	-	0.18

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

Zodiac Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.101	/	0.353
	=

Zodiac Gold'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 )
	=	0.059	/	0.322
	=

Zodiac Gold (TSXV:ZAU) 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.

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

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Zodiac Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zodiac Gold Inc (TSXV:ZAU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://www.zodiac-gold.com

Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.

Executives

Mark J. Kol

Director

Zodiac Gold Headlines

No Headlines