Red Metal (ASX:RDM) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Red Metal 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. Red Metal's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Red Metal's long-term debt to total assets ratio declined from Dec. 2023 (0.05) to Dec. 2024 (0.02). It may suggest that Red Metal is progressively becoming less dependent on debt to grow their business.

Red Metal LT-Debt-to-Total-Asset Historical Data

The historical data trend for Red Metal'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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Red Metal LT-Debt-to-Total-Asset Chart

Red Metal Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.06

0.01

0.03

0.05

0.03

Red Metal Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.05	0.03	0.02

Red Metal LT-Debt-to-Total-Asset Calculation

Red Metal'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 )
	=	0.368	/	13.873
	=

Red Metal'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 )
	=	0.2	/	12.289
	=

Red Metal (ASX:RDM) 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.

Red Metal LT-Debt-to-Total-Asset Related Terms

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Red Metal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Ltd (ASX:RDM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

323 Castlereagh Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.redmetal.com.au

Red Metal Ltd is a minerals exploration company. The company explores for copper, copper-gold, copper-nickel and silver-lead zinc deposits. The company owns projects in Sybella REO Discovery Northwest QLD, Paterson Province WA, Carpentaria Province QLD, Gawler Craton and Curnamona Province SA, Pilbara Craton WA, Coompana and Madura Provinces Nullarbor Project WA, and others. It operates in the mining industry in Australia.

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