Kendrick Resources (LSE:KEN) Debt-to-Asset : 0.02 (As of Jun. 2024)

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What is Kendrick Resources Debt-to-Asset?

Kendrick Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil. Kendrick Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.10 Mil. Kendrick Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was £5.03 Mil. Kendrick Resources's debt to asset for the quarter that ended in Jun. 2024 was 0.02.

Kendrick Resources Debt-to-Asset Historical Data

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

Kendrick Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.77

Kendrick Resources Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial				-	-	-	-	0.02

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

For the Other Industrial Metals & Mining subindustry, Kendrick 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.

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

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

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

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Kendrick Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kendrick Resources's Debt-to-Asset for the fiscal year 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	+	0)	/	5.007
	=	0.00

Kendrick Resources's Debt-to-Asset for the quarter 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	+	0.1)	/	5.03
	=	0.02

Kendrick Resources (LSE:KEN) 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.

Kendrick Resources Debt-to-Asset Related Terms

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Kendrick Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kendrick Resources PLC (LSE:KEN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7/8 Kendrick Mews, South Kensington, London, GBR, SW7 3HG

Website

https://www.kendrickresources.com

Kendrick Resources PLC is a mineral exploration and development company with projects based across Scandinavia. The principal of its business is to explore the opportunities within the natural resources sector with a focus on battery, base, and precious metals including but not limited to vanadium and nickel. The company has several projects in different stages such as the Airijoki and Koitelainen vanadium projects in Sweden and Finland respectively and the Espedalen nickel-copper project in Norway. The other projects include the Njuggtraskliden and Mjovattnet exploration projects and the Kullberget, Simesvallen, and Sumassjon exploration projects.