Lefroy Exploration (ASX:LEX) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Lefroy Exploration 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. Lefroy Exploration's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Lefroy Exploration's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Lefroy Exploration is progressively becoming less dependent on debt to grow their business.

Lefroy Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lefroy Exploration'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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Lefroy Exploration LT-Debt-to-Total-Asset Chart

Lefroy Exploration Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

Lefroy Exploration 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															0.01	0.01	0.01	0.01	0.01

Lefroy Exploration LT-Debt-to-Total-Asset Calculation

Lefroy Exploration'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 )
	=	0.113	/	24.992
	=

Lefroy Exploration'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 )
	=	0.144	/	26.515
	=

Lefroy Exploration (ASX:LEX) 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.

Lefroy Exploration LT-Debt-to-Total-Asset Related Terms

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Lefroy Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lefroy Exploration Ltd (ASX:LEX) » Definitions » LT-Debt-to-Total-Asset

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Address

7 Rheola Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.lefroyex.com

Lefroy Exploration Ltd is a mineral exploration and mining company. The company's projects include the Goodyear Nickel Deposit, Mt Martin Gold Mine, Lefroy Project, Burns Gold-Copper Project, and others. The group has one segment, being exploration activities undertaken in Western Australia.

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