AMRRY (American Rare Earths) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is American Rare Earths 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. American Rare Earths's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

American Rare Earths's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that American Rare Earths is progressively becoming more dependent on debt to grow their business.

American Rare Earths LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Rare Earths'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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American Rare Earths LT-Debt-to-Total-Asset Chart

American Rare Earths Annual Data

Trend

Jun15

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Jun17

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Jun24

LT-Debt-to-Total-Asset

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0.01

American Rare Earths 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															0.01	-	-	0.01	0.01

American Rare Earths LT-Debt-to-Total-Asset Calculation

American Rare Earths's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.035	/	17.393
	=

American Rare Earths's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.151	/	15.403
	=

American Rare Earths (OTCPK:AMRRY) 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.

American Rare Earths LT-Debt-to-Total-Asset Related Terms

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American Rare Earths Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Rare Earths Ltd (OTCPK:AMRRY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARRNF:USA 1BHA:Germany ARR:Australia

Address

Level 7, 89 York Street, Suite 706, Sydney, NSW, AUS, 2000

Website

https://www.americanrareearths.com.au

American Rare Earths Ltd is a mining and exploration company. It is focused on the discovery and development of strategic mineral resources. The projects of the company include exploration in the Murray Basin region, Beaver Creek project, La Paz Rare Earth project, and the Searchlight Project. The Company has two reportable segments, being the geographic location of assets in United States and Australia.