Sayona Mining (ASX:SYA) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Sayona 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. Sayona Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Sayona Mining's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that Sayona Mining is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Sayona 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.

* Premium members only.

Sayona Mining LT-Debt-to-Total-Asset Chart

Sayona Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.04	0.03	0.02

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

Sayona 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 )
	=	29.27	/	1009.573
	=

Sayona 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 )
	=	15.663	/	1033.568
	=	0.02

Sayona Mining (ASX:SYA) 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.

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

Thank you for viewing the detailed overview of Sayona Mining's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sayona Mining (ASX:SYA) Business Description

Industry

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

Sayona Mining (ASX:SYA) Headlines

From GuruFocus

Insider Trends in the Financial Services Sector

By Monica Wolfe Monica Wolfe • 05-23-2013

Notable Dividend Stocks: SYA, MSA, NC, QUAD, OPNT

By Dynamic Dividend Dynamic Dividend • 05-11-2011

Symetra Partners with Seattle Kraken, Seattle Storm to Launch "LETS Play" Program with Highline Public Schools

By Business Wire Business Wire • 02-07-2022