Lord Resources (ASX:LRD) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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

Lord Resources's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.03). It may suggest that Lord Resources is progressively becoming less dependent on debt to grow their business.

Lord Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lord Resources'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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Lord Resources LT-Debt-to-Total-Asset Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.02

0.03

0.02

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.03	0.03	0.02	0.03

Lord Resources LT-Debt-to-Total-Asset Calculation

Lord Resources'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 )
	=	0.07	/	3.515
	=

Lord Resources'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 )
	=	0.074	/	2.777
	=	0.03

Lord Resources (ASX:LRD) 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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Lord Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company with a prospective portfolio of future facing metals located within Western Australia's famed Greenstone belts. Its project include Horse Rocks Lithium Project, Jingjing Lithium Project, Gabyon Gold Project, Jarama Gold Project and Cambridge Nickel-PGE Project.

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