Titan Minerals (ASX:TTM) Debt-to-Asset : 0.05 (As of Jun. 2023)

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What is Titan Minerals Debt-to-Asset?

Titan Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$3.31 Mil. Titan Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Titan Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$69.28 Mil. Titan Minerals's debt to asset for the quarter that ended in Jun. 2023 was 0.05.

Titan Minerals Debt-to-Asset Historical Data

The historical data trend for Titan 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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Titan Minerals Debt-to-Asset Chart

Titan Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.21

0.02

0.04

Titan Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.05	0.04

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

For the Gold subindustry, Titan 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.

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

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

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

Titan Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Titan Minerals's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.506	+	0)	/	65.121
	=	0.02

Titan Minerals's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(3.309	+	0)	/	69.284
	=	0.05

Titan Minerals (ASX:TTM) 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.

Titan Minerals Debt-to-Asset Related Terms

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Titan Minerals (ASX:TTM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TTTNF:USA

Address

295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.titanminerals.com.au

Titan Minerals Ltd is a Canada-based mineral exploration company. The company's main assets are The Dynasty Project, The Linderos Project, The Copper Duke Project, and The Copper Field Prospect. It continues to evaluate new business opportunities in South America.