Coronado Global Resources (ASX:CRN) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Coronado Global 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. Coronado Global Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Coronado Global Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.11). It may suggest that Coronado Global Resources is progressively becoming more dependent on debt to grow their business.

Coronado Global Resources LT-Debt-to-Total-Asset Historical Data

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

Coronado Global Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.16

0.13

0.10

0.11

Coronado Global Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.13	0.09	0.10	0.10	0.11

Coronado Global Resources LT-Debt-to-Total-Asset Calculation

Coronado Global 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 )
	=	443.77	/	4000.989
	=	0.11

Coronado Global Resources'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 )
	=	443.77	/	4000.989
	=	0.11

Coronado Global Resources (ASX:CRN) 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.

Coronado Global Resources LT-Debt-to-Total-Asset Related Terms

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Coronado Global Resources (ASX:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Coronado Global Resources Inc (ASX:CRN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CODQL:USA 0QE:Germany

Address

345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000

Website

https://www.coronadoglobal.com

Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

Coronado Global Resources (ASX:CRN) Headlines

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