Freehill Mining (ASX:FHS) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

Freehill Mining's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.00). It may suggest that Freehill Mining is progressively becoming less dependent on debt to grow their business.

Freehill Mining LT-Debt-to-Total-Asset Historical Data

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

Freehill Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.10

Freehill Mining Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.03	0.10	-

Freehill Mining LT-Debt-to-Total-Asset Calculation

Freehill Mining'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 )
	=	1.209	/	12.413
	=	0.10

Freehill Mining'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	/	12.485
	=	0.00

Freehill Mining (ASX:FHS) 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.

Freehill Mining LT-Debt-to-Total-Asset Related Terms

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Freehill Mining (ASX:FHS) Business Description

Industry

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

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Traded in Other Exchanges

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Address

570 Bourke Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.freehillmining.com

Freehill Mining Ltd is a mining and exploration company with a focus on iron ore (magnetite), copper and gold resources in Chile. It holds an interest in the Yerbas Buenas magnetite project located in Chile.

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