Australian Rare Earths (ASX:AR3) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

Australian 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 Australian Rare Earths is progressively becoming more dependent on debt to grow their business.

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

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

Australian Rare Earths Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.01

0.02

Australian Rare Earths Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.01	0.01	0.02

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

Australian 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 )
	=	0.169	/	26.96
	=

Australian 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 )
	=	0.287	/	24.663
	=

Australian Rare Earths (ASX:AR3) 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.

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

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Australian Rare Earths Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Rare Earths Ltd (ASX:AR3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gawler Place, Level 10, Adelaide, SA, AUS, 5000

Website

https://www.ar3.com.au

Australian Rare Earths Ltd is engaged in rare earth exploration and development. Its Koppamurra Project is a frontier ionic clay, rare earth opportunity in South Australia and Victoria.

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