Askari Metals (ASX:AS2) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is Askari Metals Debt-to-Asset?

Askari Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.60 Mil. Askari Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Askari Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$11.24 Mil. Askari Metals's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Askari Metals Debt-to-Asset Historical Data

The historical data trend for Askari Metals'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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Askari Metals Debt-to-Asset Chart

Askari Metals Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

0.01

Askari Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	0.03	0.01	0.01	0.01	0.05

Competitive Comparison of Askari Metals's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Askari Metals'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.

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

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

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

Askari Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Askari Metals'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
	=	(0.036	+	0.02)	/	12.287
	=	0.00

Askari Metals'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
	=	(0.6	+	0)	/	11.236
	=	0.05

Askari Metals (ASX:AS2) 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.

Askari Metals Debt-to-Asset Related Terms

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Askari Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Askari Metals Ltd (ASX:AS2) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

7ZG:Germany

Address

17 Lacey Street, Perth, WA, AUS, 6000

Website

https://www.askarimetals.com

Askari Metals Ltd is engaged in the gold and lithium exploration. The company's projects are UiS Lithium Project, Nambia Australian Lithium and REE Portfolio and Gold-Copper Projects.

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