Neo Energy Metals (LSE:NEO) Debt-to-Asset : 1.48 (As of Sep. 2022)

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What is Neo Energy Metals Debt-to-Asset?

Neo Energy Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was £0.73 Mil. Neo Energy Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was £0.04 Mil. Neo Energy Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was £0.52 Mil. Neo Energy Metals's debt to asset for the quarter that ended in Sep. 2022 was 1.48.

Neo Energy Metals Debt-to-Asset Historical Data

The historical data trend for Neo Energy 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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Neo Energy Metals Debt-to-Asset Chart

Neo Energy Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Debt-to-Asset

0.24

6.20

3.21

2.32

Neo Energy Metals Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Debt-to-Asset	Get a 7-Day Free Trial						3.00	2.32	4.17	4.17	1.48

Competitive Comparison of Neo Energy Metals's Debt-to-Asset

For the Uranium subindustry, Neo Energy 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.

Neo Energy Metals's Debt-to-Asset Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Neo Energy Metals's Debt-to-Asset distribution charts can be found below:

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

Neo Energy Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Neo Energy Metals's Debt-to-Asset for the fiscal year that ended in Mar. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.199	+	1.847)	/	0.883
	=	2.32

Neo Energy Metals's Debt-to-Asset for the quarter that ended in Sep. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.726	+	0.037)	/	0.515
	=	1.48

Neo Energy Metals (LSE:NEO) 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.

Neo Energy Metals Debt-to-Asset Related Terms

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Neo Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Neo Energy Metals PLC (LSE:NEO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off State House Road, 4th Floor West Wing, Vienna Court, State House Crescent, Nairobi, KEN

Website

https://www.neoenergymetals.com

Neo Energy Metals PLC is engaged in mining and development focusing on Uranium and Strategic Metals. The company operates Henkries Uranium project in the Northern Cape Province of South Africa with a clear pathway to production.