Lord Resources (ASX:LRD) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is Lord Resources Debt-to-Asset?

Lord Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Lord Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.10 Mil. Lord Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$3.14 Mil. Lord Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

Lord Resources Debt-to-Asset Historical Data

The historical data trend for Lord Resources's Debt-to-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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Lord Resources Debt-to-Asset Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

0.02

0.04

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	0.02	0.03	0.04	0.04

Competitive Comparison of Lord Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Lord Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lord Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lord Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Lord Resources's Debt-to-Asset falls into.

Lord Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lord Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.038	+	0.111)	/	4.311
	=	0.03

Lord Resources's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.037	+	0.096)	/	3.139
	=	0.04

Lord Resources (ASX:LRD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lord Resources Debt-to-Asset Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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