Capricorn Metals (ASX:CMM) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Capricorn Metals 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. Capricorn Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Capricorn Metals's long-term debt to total assets ratio declined from Jun. 2023 (0.15) to Jun. 2024 (0.04). It may suggest that Capricorn Metals is progressively becoming less dependent on debt to grow their business.

Capricorn Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Capricorn Metals'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.

* Premium members only.

Capricorn Metals LT-Debt-to-Total-Asset Chart

Capricorn Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.27

0.15

0.04

Capricorn Metals 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															0.15	0.18	0.15	0.13	0.04

Capricorn Metals LT-Debt-to-Total-Asset Calculation

Capricorn Metals'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 )
	=	23.819	/	623.559
	=	0.04

Capricorn Metals'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 )
	=	23.819	/	623.559
	=	0.04

Capricorn Metals (ASX:CMM) 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.

Capricorn Metals LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Capricorn Metals's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Capricorn Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CRNLF:USA MGM:Germany

Address

Level 3, 40 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.capmetals.com.au

Capricorn Metals Ltd is a mineral exploration and project evaluation company. The company's geographical segment includes Australia and Madagascar. The company's project includes the Karlawinda gold project based in Western Australia and the Mount Gibson Gold.

Capricorn Metals Headlines

No Headlines