Core Lithium (ASX:CXO) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

Core Lithium's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.01). It may suggest that Core Lithium is progressively becoming less dependent on debt to grow their business.

Core Lithium LT-Debt-to-Total-Asset Historical Data

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

Core Lithium Annual Data

Trend

Jun14

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Jun16

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Jun20

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Jun23

LT-Debt-to-Total-Asset

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0.04

Core Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.05	0.04	0.01

Core Lithium LT-Debt-to-Total-Asset Calculation

Core Lithium'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 )
	=	19.483	/	503.143
	=	0.04

Core Lithium'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 )
	=	3.314	/	392.671
	=	0.01

Core Lithium (ASX:CXO) 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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Core Lithium (ASX:CXO) Business Description

Industry

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

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Traded in Other Exchanges

CXOXF:USA 7CX:Germany

Address

2 Mill Street, Level 9, Perth, WA, AUS, 6000

Website

https://www.corelithium.com.au

Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, and copper deposits in the Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects. Its segment includes Finniss Lithium Project mining, crushing and processing operations and Exploration: exploration and evaluation of primarily Lithium mineralisation. It generates majority of its revenue from Finniss Lithium Project operations segment.