Latin Resources (FRA:XL5) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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

Latin Resources's long-term debt to total assets ratio declined from Jun. 2022 (0.01) to Jun. 2023 (0.00). It may suggest that Latin Resources is progressively becoming less dependent on debt to grow their business.

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

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

Latin Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Latin Resources 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															-	0.01	-	-	-

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

Latin Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.048	/	75.358
	=

Latin Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.094	/	56.405
	=

Latin Resources (FRA:XL5) 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.

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

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Latin Resources (FRA:XL5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Latin Resources Ltd (FRA:XL5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

XL5:Germany LRS:Australia

Address

32 Harrogate Street, Unit 3, West Leederville, Perth, WA, AUS, 6007

Website

https://www.latinresources.com.au

Latin Resources Ltd is an Australian-based mineral exploration company, with projects in South America and Australia, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions. The Company is focused on its flagship Colina Lithium Project in the pro-mining district of Minas Gerais Brazil, and also holds the Catamarca Lithium Project in Argentina.

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