Forrestania Resources (ASX:FRS) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

Forrestania Resources's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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

Forrestania Resources Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Forrestania Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	-

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

Forrestania 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	/	6.289
	=

Forrestania Resources'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 )
	=	0	/	8.832
	=

Forrestania Resources (ASX:FRS) 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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Forrestania Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Colin Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.forrestaniaresources.com.au

Forrestania Resources Ltd is a mineral exploration and development company. It explores gold, lithium, and other minerals. Its projects include the Forrestania project, Southern Cross Project, Leonora and Hydra Lithium Project, Canada, Bonnie Vale project, Breakaway Dam. Maximum of Company revenue is gained from Forrestania project.

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