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

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

Caspin Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.00). It may suggest that Caspin Resources is progressively becoming less dependent on debt to grow their business.

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

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

Caspin Resources Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

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

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

Caspin 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 )
	=	0.054	/	4.622
	=

Caspin 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 )
	=	0.007	/	2.558
	=

Caspin Resources (ASX:CPN) 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.

Caspin Resources LT-Debt-to-Total-Asset Related Terms

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Caspin Resources (ASX:CPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caspin Resources Ltd (ASX:CPN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.caspin.com.au

Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

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