Cokal (ASX:CKA) LT-Debt-to-Total-Asset : 0.45 (As of Jun. 2024)

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What is Cokal 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. Cokal's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.45.

Cokal's long-term debt to total assets ratio increased from Jun. 2023 (0.42) to Jun. 2024 (0.45). It may suggest that Cokal is progressively becoming more dependent on debt to grow their business.

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

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

Cokal Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.46

0.42

0.45

Cokal 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															0.46	0.50	0.42	0.46	0.45

Cokal LT-Debt-to-Total-Asset Calculation

Cokal'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 )
	=	30.132	/	67.725
	=	0.44

Cokal'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 )
	=	30.132	/	67.725
	=	0.44

Cokal (ASX:CKA) 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.

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

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Cokal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cokal Ltd (ASX:CKA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.cokal.com.au

Cokal Ltd is a coal exploration company. The principal activity of the company is an exploration of coal within the Central Kalimantan coking coal basin in Indonesia. Cokal has interests in four projects in Central Kalimantan and one project in West Kalimantan. The firm is organized into three operating segments, which involves the exploration of coal in Indonesia, Australia and Singapore. The majority of its revenue is derived from Australia.

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