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

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

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

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

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

Godolphin Resources Annual Data

Trend

Jun19

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.02

Godolphin Resources Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.02	0.01	0.02	-

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

Godolphin Resources'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 )
	=	0.115	/	5.964
	=

Godolphin 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	/	6.217
	=

Godolphin Resources (OTCPK:GDPHF) 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.

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Godolphin Resources (Godolphin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Godolphin Resources Ltd (OTCPK:GDPHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRL:Australia

Address

11-19 William Street, P.O. Box 9497, Unit 13, Orange, NSW, AUS, 2800

Website

https://www.godolphinresources.com.au

Godolphin Resources Ltd is an Australia based mining company. Its project includes Lewis Ponds, Ophir, Copper Hill East porphyry copper project, Mt Aubrey epithermal gold-silver project, Yeoval, Wiseman's Creek gold-copper project, and Calarie gold project.

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