GR Engineering Services (ASX:GNG) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is GR Engineering Services 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. GR Engineering Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

GR Engineering Services's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.03). It may suggest that GR Engineering Services is progressively becoming more dependent on debt to grow their business.

GR Engineering Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for GR Engineering Services'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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GR Engineering Services LT-Debt-to-Total-Asset Chart

GR Engineering Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.03

0.02

0.05

0.06

GR Engineering Services 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															0.03	0.05	0.03	0.06	0.03

GR Engineering Services LT-Debt-to-Total-Asset Calculation

GR Engineering Services'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 )
	=	12.922	/	226.755
	=	0.06

GR Engineering Services'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 )
	=	7.917	/	236.147
	=	0.03

GR Engineering Services (ASX:GNG) 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.

GR Engineering Services LT-Debt-to-Total-Asset Related Terms

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GR Engineering Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GR Engineering Services Ltd (ASX:GNG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

71 Daly Street, Ascot, Perth, WA, AUS, 6104

Website

https://www.gres.com.au

GR Engineering Services Ltd provides process engineering design and construction services to the mining and mineral processing industry and the provision of operations, maintenance and advisory services to the energy sector. Its projects include the Dalgaranga Gold project, Mt Morgan's Project, and the Nova Nickel Project among others. It operates through the below segments: Mineral Processing and Oil and gas. The firm generates the majority of its revenue from the Mineral Processing segment.

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