Province Resources (ASX:PRL) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

Province Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Province Resources is progressively becoming more dependent on debt to grow their business.

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

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

Province Resources Annual Data

Trend

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Jun23

LT-Debt-to-Total-Asset

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Province Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

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

Province Resources'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 )
	=	0.065	/	17.118
	=

Province Resources'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 )
	=	0.016	/	13.303
	=

Province Resources (ASX:PRL) 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.

Province Resources LT-Debt-to-Total-Asset Related Terms

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Province Resources (ASX:PRL) Business Description

Industry

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

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Traded in Other Exchanges

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Address

362 Rokeby Road, Subiaco, WA, AUS, 6008

Website

http://www.province.limited

Province Resources Ltd is engaged in the exploration of minerals. The Skane project offers exposure to Vanadium and the battery metals sector. The company's other projects are HyEnergy Green Hydrogen Project, Fraser Range - Gnama Nickel-Copper Project and Skåne Vanadium Project. The operating business segments are mineral exploration and scoping study of the HyEnergy project. The company derives maximum revenue from exploration and evaluation.

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