Lode Resources (ASX:LDR) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is Lode Resources Debt-to-Asset?

Lode Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Lode Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Lode Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$8.53 Mil. Lode Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

Lode Resources Debt-to-Asset Historical Data

The historical data trend for Lode Resources'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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Lode Resources Debt-to-Asset Chart

Lode Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Asset

0.01

Lode Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.01	0.01	-	-	0.01

Competitive Comparison of Lode Resources's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Lode Resources'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.

Lode Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Lode Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lode Resources's Debt-to-Asset for the fiscal year 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
	=	(0.002	+	0)	/	9.513
	=	0.00

Lode Resources's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0.033	+	0.021)	/	8.53
	=	0.01

Lode Resources (ASX:LDR) 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.

Lode Resources Debt-to-Asset Related Terms

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Lode Resources (ASX:LDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Resources Ltd (ASX:LDR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

ESN Partners 'Australia Square', Level 30, 264-278 George Street, Sydney, NSW, AUS, 2000

Website

https://www.loderesources.com

Lode Resources Ltd is a junior exploration company. It owns Webbs Consol Silver project, Uralla Gold project, Fender Copper project, Elsinore Copper project, Thor and Tea Tree Gold project located in the New England Fold Belt in northern NSW.