Horizon Minerals (ASX:HRZ) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Horizon Minerals 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. Horizon Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Horizon Minerals's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.00). It may suggest that Horizon Minerals is progressively becoming more dependent on debt to grow their business.

Horizon Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Horizon Minerals'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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Horizon Minerals LT-Debt-to-Total-Asset Chart

Horizon Minerals Annual Data

Trend

Jun15

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Jun17

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Jun19

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Jun21

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Jun24

LT-Debt-to-Total-Asset

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Horizon Minerals 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															0.07	-	-	-	-

Horizon Minerals LT-Debt-to-Total-Asset Calculation

Horizon Minerals'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	/	59.015
	=

Horizon Minerals'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 )
	=	0.247	/	84.382
	=	0.00

Horizon Minerals (ASX:HRZ) 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.

Horizon Minerals LT-Debt-to-Total-Asset Related Terms

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Horizon Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Ltd (ASX:HRZ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HRZMF:USA I6R:Germany

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.horizonminerals.com.au

Horizon Minerals Ltd is an emerging mid-tier gold producer with an portfolio of gold projects located in the Western Australian goldfields. The Company is actively exploring for new discoveries in Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings. Its projects include Boorara Gold Project, Kalgoorlie region project, induli-Teal project area, Nimbus Silver Zinc Project, etc.

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