Sipa Resources (ASX:SRI) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Sipa Resources Debt-to-Asset?

Sipa Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Sipa Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Sipa Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$3.47 Mil. Sipa Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Sipa Resources Debt-to-Asset Historical Data

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

Sipa Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.01

Sipa Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	-

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

For the Gold subindustry, Sipa 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.

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

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

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

Sipa Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sipa 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
	=	(0.025	+	0)	/	2.473
	=	0.01

Sipa 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
	=	(0.012	+	0)	/	3.473
	=	0.00

Sipa Resources (ASX:SRI) 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.

Sipa Resources Debt-to-Asset Related Terms

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Sipa Resources (ASX:SRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

12-20 Railway Road, Unit 5, First Floor, Subaico Court, Subaico, Perth, WA, AUS, 6008

Website

https://www.sipa.com.au

Sipa Resources Ltd is a gold, base metals, and nickel exploration company. It is engaged in acquisitions and exploration of mineral tenements. The company's projects include Paterson North, Kitgum Pader, Warralong Gold, Skeleton, Murchison and other projects. the Company has two reportable segments, which are exploration activities in Australia and exploration activities in Uganda.