Jervois Global (ASX:JRV) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is Jervois Global 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. Jervois Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Jervois Global's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (0.34). It may suggest that Jervois Global is progressively becoming more dependent on debt to grow their business.

Jervois Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jervois Global'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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Jervois Global LT-Debt-to-Total-Asset Chart

Jervois Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.26

0.34

Jervois Global 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															0.12	0.22	0.26	0.28	0.34

Jervois Global LT-Debt-to-Total-Asset Calculation

Jervois Global'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 )
	=	213.403	/	630.508
	=	0.34

Jervois Global'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 )
	=	213.403	/	630.508
	=	0.34

Jervois Global (ASX:JRV) 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.

Jervois Global LT-Debt-to-Total-Asset Related Terms

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Jervois Global (ASX:JRV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JRVMF:USA IHS:Germany JRV:Canada

Address

1-11 Gordon Street, Suite 2.03, Cremorne, VIC, AUS, 3121

Website

https://www.jervoisglobal.com

Jervois Global Ltd is a cobalt company with nickel and copper exposure, refinery assets, and growth opportunities. The company's project includes Idaho Cobalt, Sao Miguel Paulista Refinery, Nico Young, and other non-core assets.

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