Hastings Technology Metals (ASX:HAS) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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

What is Hastings Technology Metals 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. Hastings Technology Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Hastings Technology Metals's long-term debt to total assets ratio increased from Dec. 2022 (0.25) to Dec. 2023 (0.32). It may suggest that Hastings Technology Metals is progressively becoming more dependent on debt to grow their business.

Hastings Technology Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hastings Technology Metals'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.

Hastings Technology Metals LT-Debt-to-Total-Asset Chart

Hastings Technology Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.27

0.35

Hastings Technology Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.25	0.27	0.32	0.35

Hastings Technology Metals LT-Debt-to-Total-Asset Calculation

Hastings Technology Metals'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 )
	=	133.982	/	493.422
	=

Hastings Technology Metals'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 )
	=	150.101	/	465.669
	=

Hastings Technology Metals (ASX:HAS) 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.

Hastings Technology Metals LT-Debt-to-Total-Asset Related Terms

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

Hastings Technology Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hastings Technology Metals Ltd (ASX:HAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HSRMF:USA 5AM:Germany

Address

5 Mill Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.hastingstechmetals.com

Hastings Technology Metals Ltd engages in the exploration of rare earth metals and natural resources. It holds interests in the Yangibana rare earth project located in the Gascoyne region of Western Australia; and the Brockman project located in the East Kimberley region of Western Australia which comprises resources of the rare metals zircon, niobium and tantalum, and the heavy rare earth yttrium.