GreenX Metals (ASX:GRX) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is GreenX 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. GreenX Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

GreenX Metals's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.01). It may suggest that GreenX Metals is progressively becoming less dependent on debt to grow their business.

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

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

GreenX Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.02

GreenX Metals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	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															0.06	0.03	0.03	0.02	0.01

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

GreenX Metals'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 )
	=	0.301	/	17.939
	=	0.02

GreenX Metals'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 )
	=	0.153	/	19.592
	=

GreenX Metals (ASX:GRX) 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.

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

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GreenX Metals (ASX:GRX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRX:Poland GRX:UK 5PMA:Germany

Address

38 Jermyn Street, Unit 3C, London, GBR, SW1Y 6DN

Website

https://www.greenxmetals.com

GreenX Metals Ltd is engaged in the exploration and development of resource projects. It focuses on the exploration and development of sustainable critical mineral resources.