ALTAF (Morella) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2024)

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What is Morella LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Morella's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.27.

Morella's long-term debt to total assets ratio increased from Jun. 2023 (0.20) to Jun. 2024 (0.27). It may suggest that Morella is progressively becoming more dependent on debt to grow their business.

Morella LT-Debt-to-Total-Asset Historical Data

The historical data trend for Morella's LT-Debt-to-Total-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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Morella LT-Debt-to-Total-Asset Chart

Morella Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.56

0.20

0.27

Morella Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.20	0.20	0.24	0.27

Morella LT-Debt-to-Total-Asset Calculation

Morella's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	2.272	/	8.546
	=	0.27

Morella's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.272	/	8.546
	=	0.27

Morella (OTCPK:ALTAF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Morella LT-Debt-to-Total-Asset Related Terms

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Morella Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Morella Corp Ltd (OTCPK:ALTAF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HDG0:Germany 1MC:Australia

Address

68 Murray Street, Suite 5, Perth, WA, AUS, 6005

Website

https://www.morellacorp.com

Morella Corp Ltd is an exploration and mineral resource development company, focused on lithium and battery minerals. The company has focused on its core lithium projects, including the Tabba Tabba East, Fish Lake Valley, Mallina, and Mt Edon projects, located in Western Australia and the USA. It geographically operates in USA, Australia, Indonesia and Others, out of which maximum revenue is generated from Indonesia.