Ardea Resources (ASX:ARL) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Ardea Resources Debt-to-Asset?

Ardea Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.17 Mil. Ardea Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.07 Mil. Ardea Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$60.08 Mil. Ardea Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Ardea Resources Debt-to-Asset Historical Data

The historical data trend for Ardea Resources's Debt-to-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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Ardea Resources Debt-to-Asset Chart

Ardea Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.01

Ardea Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial								-	0.01	-	-	-

Competitive Comparison of Ardea Resources's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Ardea Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ardea Resources's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ardea Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ardea Resources's Debt-to-Asset falls into.

Ardea Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ardea Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.094	+	0.059)	/	47.784
	=	0.00

Ardea Resources's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.167	+	0.069)	/	60.075
	=	0.00

Ardea Resources (ASX:ARL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ardea Resources Debt-to-Asset Related Terms

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Ardea Resources (ASX:ARL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ARRRF:USA A91:Germany

Address

45 Ord Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.ardearesources.com.au

Ardea Resources Ltd is a mineral exploration company. It is focused on cobalt, nickel and scandium project and gold exploration. The company holds interests in the Goongarrie Nickel-Cobalt Project and, Kalgoorlie Nickel Project.