SolGold (LSE:SOLG) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is SolGold 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. SolGold's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

SolGold's long-term debt to total assets ratio increased from Jun. 2022 (0.20) to Dec. 2023 (0.34). It may suggest that SolGold is progressively becoming more dependent on debt to grow their business.

SolGold LT-Debt-to-Total-Asset Historical Data

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

SolGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.24

0.20

0.31

SolGold Quarterly Data
	Dec16	Jun17	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.28	0.30	0.31	0.34

SolGold LT-Debt-to-Total-Asset Calculation

SolGold'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 )
	=	116.573	/	378.844
	=

SolGold'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 )
	=	122.663	/	361.969
	=

SolGold (LSE:SOLG) 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.

SolGold LT-Debt-to-Total-Asset Related Terms

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SolGold (LSE:SOLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolGold PLC (LSE:SOLG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SLGGF:USA SOLGl:UK S8F:Germany SOLG:Canada

Address

1 King Street, London, GBR, EC2V 8AU

Website

https://www.solgold.com.au

SolGold PLC is a developer of an exploration company intended to explore gold and copper mining properties. The company's platform helps in the discovery, definition and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.

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