Patagonia Lithium (ASX:PL3) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

Patagonia Lithium's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Patagonia Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Patagonia Lithium'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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Patagonia Lithium LT-Debt-to-Total-Asset Chart

Patagonia Lithium Annual Data

Trend

Dec23

LT-Debt-to-Total-Asset

Patagonia Lithium Semi-Annual Data
	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	-	-

Patagonia Lithium LT-Debt-to-Total-Asset Calculation

Patagonia Lithium'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	/	9.334
	=

Patagonia Lithium'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	/	7.166
	=

Patagonia Lithium (ASX:PL3) 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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Patagonia Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Lithium Ltd (ASX:PL3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Moray and Agnew, 505 Little Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.patagonialithium.com.au

Patagonia Lithium Ltd engages in mining and exploration activities. The company is pursuing lithium exploration projects in Argentina and Brazil. It holds interest in Formentera Project; Cilon Project; and Tomas III Project. The Formentera Project and the Cilon Project are situated in the Province of Jujuy, Argentina. The Tomas III Project is situated in the Province of Salta, Argentina.

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