FireFly Metals (ASX:FFM) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

FireFly Metals's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that FireFly Metals is progressively becoming less dependent on debt to grow their business.

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

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

FireFly Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

FireFly Metals 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															-	-	0.02	0.02	0.01

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

FireFly Metals'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 )
	=	1.588	/	85.898
	=

FireFly Metals'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 )
	=	1.468	/	181.62
	=

FireFly Metals (ASX:FFM) 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.

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

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FireFly Metals (ASX:FFM) Business Description

Industry

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

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Traded in Other Exchanges

MNXMF:USA

Address

8 Richardson, Level 2, Perth, WA, AUS, 6005

Website

https://www.fireflymetals.com.au

FireFly Metals Ltd is a high-grade copper and gold explorer developer in Canada. The company advances the Green Bay Copper-Gold Ming Mine project in Newfoundland & Labrador and exploring the high-grade Pickle Crow Gold project in Ontario.

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