Grange Resources (Grange Resources) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Grange 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. Grange Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Grange Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Grange Resources is progressively becoming less dependent on debt to grow their business.

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

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

Grange Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Grange 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															-	-	-	-	-

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

Grange 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 )
	=	0.517	/	832.761
	=	0.00

Grange 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 )
	=	0.517	/	832.761
	=	0.00

Grange Resources (OTCPK:GRRLF) 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.

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

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Grange Resources (Grange Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRR:Germany GRR:Australia

Address

34A Alexander Street, Burnie, TAS, AUS, 7320

Website

https://www.grangeresources.com.au

Grange Resources Ltd is engaged in the exploration, evaluation, and development of mineral resources and iron ore mining operations. Its projects include the Southdown Magnetite and associated Pellet Plant Projects. The Group has two reportable segments: Exploration, evaluation, and development of mineral resources and iron ore mining operations; and Development and construction of housing units.

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