Sayona Mining (ASX:SYA) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is Sayona Mining Debt-to-Asset?

Sayona Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$22.9 Mil. Sayona Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$15.7 Mil. Sayona Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$1,033.6 Mil. Sayona Mining's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

Sayona Mining Debt-to-Asset Historical Data

The historical data trend for Sayona Mining'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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Sayona Mining Debt-to-Asset Chart

Sayona Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.04

0.03

Sayona Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.04	0.04	0.03	0.04

Competitive Comparison of Sayona Mining's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Sayona Mining'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.

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

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

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

Sayona Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sayona Mining'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
	=	(1.944	+	29.27)	/	1009.573
	=	0.03

Sayona Mining'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
	=	(22.897	+	15.663)	/	1033.568
	=	0.04

Sayona Mining (ASX:SYA) 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.

Sayona Mining Debt-to-Asset Related Terms

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Sayona Mining (ASX:SYA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SYAXF:USA DML:Germany

Address

283 Given Terrace, Unit 68, Paddington, QLD, AUS, 4064

Website

https://www.sayonamining.com.au

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in East Kimberley Graphite Project and West Australian Lithium Project.

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