Petmin (LSE:PTMN) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2016)

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What is Petmin 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. Petmin's long-term debt to total assests ratio for the quarter that ended in Dec. 2016 was 0.13.

Petmin's long-term debt to total assets ratio declined from Dec. 2015 (0.22) to Dec. 2016 (0.13). It may suggest that Petmin is progressively becoming less dependent on debt to grow their business.

Petmin LT-Debt-to-Total-Asset Historical Data

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

Petmin Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

LT-Debt-to-Total-Asset

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0.03

0.16

0.14

0.05

0.13

Petmin Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.07	0.05	0.22	0.13	0.13

Petmin LT-Debt-to-Total-Asset Calculation

Petmin's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2016 is calculated as

LT Debt to Total Assets (A: Jun. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2016 )	/	Total Assets (A: Jun. 2016 )
	=	12.63	/	100.099
	=	0.13

Petmin's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (Q: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2016 )	/	Total Assets (Q: Dec. 2016 )
	=	15.629	/	118.715
	=	0.13

Petmin (LSE:PTMN) 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.

Petmin LT-Debt-to-Total-Asset Related Terms

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Petmin (LSE:PTMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Petmin Ltd (LSE:PTMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.petmin.co.za

Petmin Ltd is a mineral exploration company mining & producing, iron ore,metallurgical anthracite and energy coal and pig iron. It is geographically diversiï¬ed with mining operations in South Africa, an industrial project in North America, and exploration projects in Liberia and Turkey. It is South Africa's producer of metallurgical anthracite, and is developing a high-potential iron sands to pig iron project in Canada. The Company is also engaged on commodities that support the steel value chain and are required for urbanisation and infrastructure growth.