Lithium Plus Minerals (ASX:LPM) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Lithium Plus 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. Lithium Plus Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Lithium Plus Minerals's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.01). It may suggest that Lithium Plus Minerals is progressively becoming more dependent on debt to grow their business.

Lithium Plus Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lithium Plus 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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Lithium Plus Minerals LT-Debt-to-Total-Asset Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

Jun24

LT-Debt-to-Total-Asset

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	-	-	0.01	-	0.01

Lithium Plus Minerals LT-Debt-to-Total-Asset Calculation

Lithium Plus 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 )
	=	0.092	/	22.703
	=

Lithium Plus 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 )
	=	0.186	/	22.067
	=

Lithium Plus Minerals (ASX:LPM) 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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Lithium Plus Minerals Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

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