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Equinox Resources (ASX:EQN) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)


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What is Equinox Resources 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. Equinox Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Equinox Resources's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.00). It may suggest that Equinox Resources is progressively becoming more dependent on debt to grow their business.

Equinox Resources LT-Debt-to-Total-Asset Historical Data

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

Equinox Resources Annual Data
Trend Jun22 Jun23
LT-Debt-to-Total-Asset
- -

Equinox Resources Quarterly Data
Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset - - - - -

Equinox Resources LT-Debt-to-Total-Asset Calculation

Equinox Resources'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 )
=0.071/15.904
=0.00

Equinox Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=0.071/15.904
=

* 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.

Equinox Resources  (ASX:EQN) 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.

Equinox Resources LT-Debt-to-Total-Asset Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » LT-Debt-to-Total-Asset
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Address
182 St George's Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.eqnx.com.au
Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

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