Cobalt Blue Holdings (FRA:COH) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Cobalt Blue Holdings 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. Cobalt Blue Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Cobalt Blue Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.04). It may suggest that Cobalt Blue Holdings is progressively becoming more dependent on debt to grow their business.

Cobalt Blue Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cobalt Blue Holdings'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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Cobalt Blue Holdings LT-Debt-to-Total-Asset Chart

Cobalt Blue Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.10

0.06

0.05

0.04

Cobalt Blue Holdings Semi-Annual Data
	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	0.05	0.04	0.04	0.04

Cobalt Blue Holdings LT-Debt-to-Total-Asset Calculation

Cobalt Blue Holdings'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 )
	=	1.68	/	47.338
	=

Cobalt Blue Holdings'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 )
	=	1.718	/	43.04
	=	0.04

Cobalt Blue Holdings (FRA:COH) 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.

Cobalt Blue Holdings LT-Debt-to-Total-Asset Related Terms

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Cobalt Blue Holdings (FRA:COH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobalt Blue Holdings Ltd (FRA:COH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CBBHF:USA COB:Australia

Address

100 Miller Street, Suite 17.03, Level 17, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.cobaltblueholdings.com

Cobalt Blue Holdings Ltd focuses upon the development and commercialisation of the Broken Hill Cobalt Deposit, Broken Hill, NSW. Its only operating segment being the exploration and evaluation of early-stage cobalt resources. The company's other project includes the Thackaringa Cobalt Project.

Cobalt Blue Holdings (FRA:COH) Headlines

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