Far Northern Resources (ASX:FNR) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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

Far Northern Resources's long-term debt to total assets ratio declined from Jun. 2021 (0.11) to Jun. 2024 (0.01). It may suggest that Far Northern Resources is progressively becoming less dependent on debt to grow their business.

Far Northern Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Far Northern 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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Far Northern Resources LT-Debt-to-Total-Asset Chart

Far Northern Resources Annual Data

Trend

Jun21

Jun22

Jun24

LT-Debt-to-Total-Asset

0.11

0.05

0.01

Far Northern Resources Semi-Annual Data
	Jun21	Jun22	Jun24
LT-Debt-to-Total-Asset	0.11	0.05	0.01

Far Northern Resources LT-Debt-to-Total-Asset Calculation

Far Northern 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 )
	=	0.09	/	9.424
	=

Far Northern Resources'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 )
	=	0.09	/	9.424
	=

Far Northern Resources (ASX:FNR) 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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Far Northern Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far Northern Resources Ltd (ASX:FNR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Alfred Street, Unit D, Fortitude Valley, QLD, AUS, 4006

Website

https://www.farnorthernresources.com

Far Northern Resources Ltd is a Queensland-based, gold and base metals exploration company. It holds a majority interest in two resource licenses. Its activities over the last few years have been focused on the exploration of ML 20380, a mining lease held by Premier. Its projects include the Bridge Creek Project, Empire Project and Rocks Reef Project.

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