Discovery Metals (ASX:DML) LT-Debt-to-Total-Asset : 0.54 (As of Jun. 2014)

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What is Discovery Metals 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. Discovery Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2014 was 0.54.

Discovery Metals's long-term debt to total assets ratio increased from Jun. 2012 (0.26) to Jun. 2014 (0.54). It may suggest that Discovery Metals is progressively becoming more dependent on debt to grow their business.

Discovery Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Discovery Metals'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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Discovery Metals LT-Debt-to-Total-Asset Chart

Discovery Metals Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

LT-Debt-to-Total-Asset

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0.26

0.54

Discovery Metals Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	-	0.26	-	0.54

Discovery Metals LT-Debt-to-Total-Asset Calculation

Discovery Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (A: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2014 )	/	Total Assets (A: Jun. 2014 )
	=	116.307	/	214.641
	=	0.54

Discovery Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (Q: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2014 )	/	Total Assets (Q: Jun. 2014 )
	=	116.307	/	214.641
	=	0.54

Discovery Metals (ASX:DML) 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.

Discovery Metals LT-Debt-to-Total-Asset Related Terms

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Discovery Metals (ASX:DML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Metals Ltd (ASX:DML) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.discoverymetals.com

Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

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