Aquirian (ASX:AQN) LT-Debt-to-Total-Asset : 0.40 (As of Jun. 2024)

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What is Aquirian 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. Aquirian's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.40.

Aquirian's long-term debt to total assets ratio increased from Jun. 2023 (0.26) to Jun. 2024 (0.40). It may suggest that Aquirian is progressively becoming more dependent on debt to grow their business.

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

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

Aquirian Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.21

0.26

0.40

Aquirian Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.21	0.21	0.26	0.22	0.40

Aquirian LT-Debt-to-Total-Asset Calculation

Aquirian'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 )
	=	13.231	/	33.384
	=	0.40

Aquirian'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 )
	=	13.231	/	33.384
	=	0.40

Aquirian (ASX:AQN) 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.

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

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Aquirian Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aquirian Ltd (ASX:AQN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 St. Georges Terrace, Level 5, Perth, WA, AUS, 6000

Website

https://www.aquirian.com

Aquirian Ltd is a provider of integrated solutions to the resource market. It is engaged in the provision of equipment, workforce, and training solutions to the mining and resources industry. The company has segments which are Mining Services, People Services, and Corporate/ Unallocated segments and the company generates the majority of its revenue from mining services.