Tolu Minerals (ASX:TOK) Debt-to-Asset : 0.20 (As of Dec. 2023)

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What is Tolu Minerals Debt-to-Asset?

Tolu Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.42 Mil. Tolu Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.35 Mil. Tolu Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$23.76 Mil. Tolu Minerals's debt to asset for the quarter that ended in Dec. 2023 was 0.20.

Tolu Minerals Debt-to-Asset Historical Data

The historical data trend for Tolu Minerals's Debt-to-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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Tolu Minerals Debt-to-Asset Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.14

0.20

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Debt-to-Asset	-	-	0.14	0.20

Competitive Comparison of Tolu Minerals's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Tolu Minerals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tolu Minerals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tolu Minerals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tolu Minerals's Debt-to-Asset falls into.

Tolu Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tolu Minerals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.419	+	4.347)	/	23.756
	=	0.20

Tolu Minerals's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.419	+	4.347)	/	23.756
	=	0.20

Tolu Minerals (ASX:TOK) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tolu Minerals Debt-to-Asset Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.