OAR Resources (ASX:OAR) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is OAR 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. OAR Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

OAR Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.15). It may suggest that OAR Resources is progressively becoming more dependent on debt to grow their business.

OAR Resources LT-Debt-to-Total-Asset Historical Data

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

OAR Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.20

0.02

0.15

OAR Resources 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	0.01	0.15	0.15

OAR Resources LT-Debt-to-Total-Asset Calculation

OAR Resources'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 )
	=	1.191	/	7.97
	=

OAR 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 )
	=	0.976	/	6.611
	=

OAR Resources (ASX:OAR) 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.

OAR Resources LT-Debt-to-Total-Asset Related Terms

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OAR Resources (ASX:OAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

F1S:Germany

Address

32 Harrogate Street, Unit 3, West Leederville, Perth, WA, AUS, 6007

Website

https://www.oarresources.com.au

OAR Resources Ltd is a mineral exploration and development company. Its projects include Chimu Gold Plant; Oar Graphite Project, Denchi Lithium Project, Bramfield Iron Project, Base metal mineralization, and Alpine Gold Project. The operating segment of the company is the Exploration and Development of Minerals in Australia. The Group has subsidiaries in Australia and Peru and operates in three principal geographic areas, United States of America, Peru and Australia.

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