Flagship Minerals (ASX:FLG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

Flagship Minerals's long-term debt to total assets ratio declined from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Flagship Minerals is progressively becoming less dependent on debt to grow their business.

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

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

Flagship Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

Flagship Minerals Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.01	-	-	-	-

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

Flagship Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.039	/	18.647
	=

Flagship Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.02	/	19.152
	=

Flagship Minerals (ASX:FLG) 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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Flagship Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

Robinson Road, Level 6, No. 3 Robinson 77, Singapore, SGP, 068896

Website

https://www.panasiametals.com

Flagship Minerals Ltd is a metal exploration and development company focused on securing and developing assets used for producing the critical resources required for electrification and low-carbon future. The company's portfolio include Rosario Copper Project, Tama Atacama Lithium, RK Lithium Projects, and others.