Bastion Minerals (ASX:BMO) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Bastion Minerals 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. Bastion Minerals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Bastion Minerals's long-term debt to total assets ratio declined from Jun. 2023 (0.18) to Jun. 2024 (0.07). It may suggest that Bastion Minerals is progressively becoming less dependent on debt to grow their business.

Bastion Minerals LT-Debt-to-Total-Asset Historical Data

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

Bastion Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.12

0.13

0.04

Bastion Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.14	0.13	0.18	0.04	0.07

Bastion Minerals LT-Debt-to-Total-Asset Calculation

Bastion Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.187	/	4.873
	=

Bastion Minerals'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 )
	=	0.187	/	2.62
	=

Bastion Minerals (ASX:BMO) 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.

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Bastion Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bastion Minerals Ltd (ASX:BMO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

J57:Germany

Address

22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.bastionminerals.com

Bastion Minerals Ltd is an early-stage exploration company focused on Copper, Lithium & Green metals. Its exploration projects includes Cometa Copper Project, Canadian Lithium Project, Gyttorp REE Project, Battery Metals Projects, Western Australia.