Octava Minerals (ASX:OCT) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Octava 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. Octava Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Octava Minerals's long-term debt to total assets ratio stayed the same from Jun. 2022 (0.00) to Dec. 2023 (0.00).

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

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

Octava Minerals Annual Data

Trend

Jun23

LT-Debt-to-Total-Asset

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	-	-	-

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

Octava Minerals'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 )
	=	0	/	5.842
	=	0.00

Octava Minerals'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	/	5.401
	=

Octava Minerals (ASX:OCT) 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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Octava Minerals (ASX:OCT) Business Description

Industry

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Traded in Other Exchanges

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Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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