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

Fenix Resources (ASX:FEX) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)


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

What is Fenix 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. Fenix Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Fenix Resources's long-term debt to total assets ratio increased from Dec. 2023 (0.08) to Dec. 2024 (0.12). It may suggest that Fenix Resources is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Fenix 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.

* Premium members only.

Fenix Resources LT-Debt-to-Total-Asset Chart

Fenix Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 - 0.05 0.11

Fenix Resources Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.05 0.08 0.11 0.12

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

Fenix Resources'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 )
=28.589/266.775
=0.11

Fenix Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=36.69/299.217
=0.12

* 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.

Fenix Resources  (ASX:FEX) 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.

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

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

Fenix Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fenix Resources Ltd (ASX:FEX) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
ASX:GRR ASX:BIS ASX:MGX ASX:M4M ASX:GWR ASX:IRD ASX:EQX ASX:EQN ASX:PLG ASX:BCI BOM:500228 NUE NSE:TATASTEEL XAMS:MT TSE:5401 SHSE:600019 STLD RS XKRX:005490 X
Traded in Other Exchanges
4ER:Germany
Address
1 Spring Street, Level 33, Perth, WA, AUS, 6000
Website
https://www.fenixresources.com.au
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Mining, Logistics and Port Services businesses. The majority of the revenue is generated from Mining segment which consists of exploration, development and mining of mineral tenements across Western Australia's Mid-West. The logistics segment involves provision of high-quality bulk commodity road and rail haulage logistics solutions to service both Fenix operations as well as third-party customers. The Port Services segment consists of provision of in-loading access via truck or rail for secure storage at Fenix on wharf storage facilities (comprising 3 sheds) at Geraldton Port and offering direct ship loading access and services.