Aruma Resources (ASX:AAJ) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Aruma Resources 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. Aruma Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Aruma Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Aruma Resources is progressively becoming less dependent on debt to grow their business.

Aruma Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aruma Resources'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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Aruma Resources LT-Debt-to-Total-Asset Chart

Aruma Resources Annual Data

Trend

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Jun24

LT-Debt-to-Total-Asset

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Aruma Resources 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	-	-	-

Aruma Resources LT-Debt-to-Total-Asset Calculation

Aruma Resources'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 )
	=	0.006	/	3.49
	=

Aruma Resources'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	/	3.493
	=

Aruma Resources (ASX:AAJ) 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.

Aruma Resources LT-Debt-to-Total-Asset Related Terms

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Aruma Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aruma Resources Ltd (ASX:AAJ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.arumaresources.com

Aruma Resources Ltd is engaged in gold exploration and mining in Australia. It is an active gold-focused and lithium exploration company. The projects of the company include Mt Deans Lithium Project, Salmon Gums Gold Project, Saltwater Gold Project, Melrose Gold Project and Carter Well Gold Project. The company reports only one segment which is the mineral exploration industry in Australia.

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