AuMega Metals (TSXV:AUM) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is AuMega Metals 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. AuMega Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

AuMega Metals's long-term debt to total assets ratio declined from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that AuMega Metals is progressively becoming less dependent on debt to grow their business.

AuMega Metals LT-Debt-to-Total-Asset Historical Data

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

AuMega Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

LT-Debt-to-Total-Asset

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AuMega Metals Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	-	-	-	-

AuMega Metals LT-Debt-to-Total-Asset Calculation

AuMega Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.07	/	53.64
	=

AuMega Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.042	/	53.857
	=

AuMega Metals (TSXV:AUM) 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.

AuMega Metals LT-Debt-to-Total-Asset Related Terms

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AuMega Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AuMega Metals Ltd (TSXV:AUM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

AUMMF:USA MA30:Germany AAM:Australia

Address

24 Hasler Road, Osborne Road, Perth, WA, AUS, 6017

Website

https://www.aumegametals.com

AuMega Metals Ltd is a mineral exploration company focused on making mineral discoveries in the vastly underexplored Newfoundland, Canada. It is well positioned with a district-scale land package comprising 120-kilometres of continuous strike along the under-explored, multi-million-ounce Cape Ray Shear Zone, a prolific gold structure in Newfoundland that currently hosts mineral deposits.

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