Ionic Rare Earths (Ionic Rare Earths) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

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

Ionic Rare Earths's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Ionic Rare Earths is progressively becoming more dependent on debt to grow their business.

Ionic Rare Earths LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ionic Rare Earths'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.

Ionic Rare Earths LT-Debt-to-Total-Asset Chart

Ionic Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

Ionic Rare Earths 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

Ionic Rare Earths LT-Debt-to-Total-Asset Calculation

Ionic Rare Earths'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	/	29.882
	=

Ionic Rare Earths'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 )
	=	0.29	/	24.872
	=

Ionic Rare Earths (OTCPK:IXRRF) 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.

Ionic Rare Earths LT-Debt-to-Total-Asset Related Terms

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

Ionic Rare Earths (Ionic Rare Earths) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ionic Rare Earths Ltd (OTCPK:IXRRF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6UH:Germany IXR:Australia

Address

259 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000

Website

https://www.ionicre.com.au

Ionic Rare Earths Ltd is a mineral exploration company, Its projects include the Makuutu project and San Isidro. The company operates in Australia and Nicaragua and Uganda.

Ionic Rare Earths (Ionic Rare Earths) Headlines

From GuruFocus

Ionic Rare Earths Ltd at 121 Mining Investment Cape Town Conference Transcript

By GuruFocus Research • 02-14-2024

Ionic Rare Earths Ltd at 121 Mining Investment London Conference Transcript

By GuruFocus Research • 02-14-2024

Ionic Rare Earths Ltd at 121 Mining Investment Frankfurt Conference Transcript

By GuruFocus Research • 02-14-2024