Zanaga Iron Ore Co (AQSE:ZIOC.GB) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Zanaga Iron Ore Co 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. Zanaga Iron Ore Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Zanaga Iron Ore Co's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.00). It may suggest that Zanaga Iron Ore Co is progressively becoming more dependent on debt to grow their business.

Zanaga Iron Ore Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zanaga Iron Ore Co'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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Zanaga Iron Ore Co LT-Debt-to-Total-Asset Chart

Zanaga Iron Ore Co Annual Data

Trend

Dec13

Dec14

Dec15

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Dec17

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Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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Zanaga Iron Ore Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Zanaga Iron Ore Co LT-Debt-to-Total-Asset Calculation

Zanaga Iron Ore Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.085	/	70.956
	=

Zanaga Iron Ore Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.083	/	68.597
	=

Zanaga Iron Ore Co (AQSE:ZIOC.GB) 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.

Zanaga Iron Ore Co LT-Debt-to-Total-Asset Related Terms

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Zanaga Iron Ore Co (AQSE:ZIOC.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zanaga Iron Ore Co Ltd (AQSE:ZIOC.GB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ZIOC:UK 6ZA:Germany

Address

Wickhams Cay II, Coastal Building, P.O. Box 2221, 2nd Floor, Tortola, Road Town, VGB

Website

https://www.zanagairon.com

Zanaga Iron Ore Co Ltd is an iron ore exploration and development company. The company holds an interest in the Zanaga Iron Ore Project located in the Republic of Congo which is also known as Congo-Brazzaville. Its long-term objective is to maximize the value of its sole asset and the Project which is currently focused on managing, developing, and constructing a world-class iron ore asset capable of mining, processing, transporting, and exporting iron ore at full production.

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