First Development Resources (LSE:FDR) Debt-to-Asset : 0.02 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is First Development Resources Debt-to-Asset?

First Development Resources LSE:FDR Debt-to-Asset is 0.02 as of Dec. 2025. The stock has 3 warning signs investors should review.

First Development Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £0.14 Mil. First Development Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £0.00 Mil. First Development Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2025 was £5.90 Mil. First Development Resources's debt to asset for the quarter that ended in Dec. 2025 was 0.02.

First Development Resources  (LSE:FDR) 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.

First Development Resources Debt-to-Asset Related Terms

First Development Resources Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for First Development 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.

First Development Resources Debt-to-Asset Chart

First Development Resources Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Debt-to-Asset
0.02 0.01 0.06 0.10

First Development Resources Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Asset 0.04 0.06 0.09 0.10 0.02

First Development Resources Debt-to-Asset Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Development 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.

First Development Resources Debt-to-Asset vs Metals & Mining Industry

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

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


First Development Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

First Development Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.389 + 0) / 3.758
=0.10

First Development Resources's Debt-to-Asset for the quarter that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.136 + 0) / 5.9
=0.02

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.02 mean?
First Development Resources (LSE:FDR) has a Debt-to-Asset of 0.02 as of Dec. 2025. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on First Development Resources and its competitors.
Is First Development Resources' Debt-to-Asset too high?
First Development Resources' current Debt-to-Asset is 0.02.
How does First Development Resources' Debt-to-Asset compare to competitors?
First Development Resources' Debt-to-Asset of 0.02 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Metals & Mining company?
A good Debt-to-Asset depends on the Metals & Mining industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on First Development Resources and its competitors. First Development Resources's current Debt-to-Asset is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Development Resources stock overvalued right now?
First Development Resources (LSE:FDR) has a current Debt-to-Asset of 0.02. The current Debt-to-Asset is 0.02. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For First Development Resources (LSE:FDR), the current Debt-to-Asset is 0.02 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Development Resources Business Description

Address c/o D&A Secretarial Services Limited, 99 Gresham Street, 6th Floor, London, GBR, EC2V 7NG
First Development Resources PLC is a mineral exploration company. Its is engaged in the holding of Australian based mining assets and progressing the exploration and exploitation of those assets. The Group holds mining assets comprising the wholly owned Wallal, Rippon Hills, Braeside West and Selta Projects.