Desoto Resources (ASX:DES) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is Desoto Resources Debt-to-Asset?

Desoto Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Desoto Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.13 Mil. Desoto Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$9.78 Mil. Desoto Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Desoto Resources Debt-to-Asset Historical Data

The historical data trend for Desoto 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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Desoto Resources Debt-to-Asset Chart

Desoto Resources Annual Data

Trend

Jun23

Jun24

Debt-to-Asset

0.02

Desoto Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	0.02	0.02	0.02	0.02

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

For the Other Industrial Metals & Mining subindustry, Desoto 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.

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

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

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

Desoto Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Desoto Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.055	+	0.103)	/	9.552
	=	0.02

Desoto 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
	=	(0.054	+	0.134)	/	9.782
	=	0.02

Desoto Resources (ASX:DES) 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.

Desoto Resources Debt-to-Asset Related Terms

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Desoto Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.desotoresources.com

Desoto Resources Ltd is into exploring and developing mineral projects. It owns interest in the Pine Creek Project located in the Northern Territory. The company's project includes fenix lithium-gold project, fenton gold project, and spectrum ree project.

Desoto Resources Headlines

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