Centaurus Metals (ASX:CTM) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Centaurus 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. Centaurus Metals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Centaurus Metals's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Centaurus Metals is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Centaurus 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.

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

Centaurus Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Centaurus 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															0.01	0.01	0.01	-	0.01

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

Centaurus Metals'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 )
	=	0.268	/	60.323
	=

Centaurus 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 )
	=	0.568	/	49.637
	=

Centaurus Metals (ASX:CTM) 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.

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

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Centaurus Metals Business Description

Industry

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

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CTTZF:USA

Address

1 Ord Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.centaurus.com.au

Centaurus Metals Ltd is engaged in the exploration of iron ore resources. Its projects are Jaguar Nickel Sulphide Project and Jambreiro Iron Ore Project. The company's geographic segments include Brazil and Australia.