Galena Mining (ASX:G1A) LT-Debt-to-Total-Asset : 0.47 (As of Dec. 2022)

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What is Galena Mining 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. Galena Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.47.

Galena Mining's long-term debt to total assets ratio increased from Dec. 2021 (0.17) to Dec. 2022 (0.47). It may suggest that Galena Mining is progressively becoming more dependent on debt to grow their business.

Galena Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galena Mining'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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Galena Mining LT-Debt-to-Total-Asset Chart

Galena Mining Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.19

0.43

0.49

Galena Mining Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.19	0.17	0.43	0.47	0.49

Galena Mining LT-Debt-to-Total-Asset Calculation

Galena Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	179.681	/	366.182
	=	0.49

Galena Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	176.757	/	374.904
	=

Galena Mining (ASX:G1A) 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.

Galena Mining LT-Debt-to-Total-Asset Related Terms

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Galena Mining (ASX:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galena Mining Ltd (ASX:G1A) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GM6:Germany

Address

1100 Hay Street, Level 2, PO Box 297, West Perth, Perth, WA, AUS, 6872

Website

https://www.galenamining.com.au

Galena Mining Ltd is engaged in the mining industry. It explores and develops base metals in Australia through the Abra base metal deposit project. The company's operating segment includes Abra Project; Exploration and Other Activities. It generates maximum revenue from the Abra Project segment.

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