LZM (Lifezone Metals) Debt-to-Asset : 0.29 (As of Jun. 2024)

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What is Lifezone Metals Debt-to-Asset?

Lifezone Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $51.07 Mil. Lifezone Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.93 Mil. Lifezone Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $181.38 Mil. Lifezone Metals's debt to asset for the quarter that ended in Jun. 2024 was 0.29.

Lifezone Metals Debt-to-Asset Historical Data

The historical data trend for Lifezone 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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Lifezone Metals Debt-to-Asset Chart

Lifezone Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.01

Lifezone Metals Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial							0.01	0.01	0.01	-	0.29

Competitive Comparison of Lifezone Metals's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Lifezone 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.

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

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

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

Lifezone Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lifezone Metals'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
	=	(0.603	+	1.185)	/	142.262
	=	0.01

Lifezone Metals'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
	=	(51.066	+	0.927)	/	181.38
	=	0.29

Lifezone Metals (NYSE:LZM) 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.

Lifezone Metals Debt-to-Asset Related Terms

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Lifezone Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lifezone Metals Ltd (NYSE:LZM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bowring Road, Commerce House, Ramsey, IMN, IM8 2TF

Website

https://www.lifezonemetals.com

Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining and to become an emerging supplier of responsibly sourced, lower-carbon and lower-sulfur dioxide emission metals to the battery, EV, and hydrogen markets modern pre-development exploration-stage metals company. Its business comprises two segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania and Intellectual property licensing comprises patents residing with and managed by the subsidiary.