Red Hill Minerals (ASX:RHI) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

Red Hill Minerals's long-term debt to total assets ratio declined from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Red Hill Minerals is progressively becoming less dependent on debt to grow their business.

Red Hill Minerals LT-Debt-to-Total-Asset Historical Data

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

Red Hill Minerals Annual Data

Trend

Jun14

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Jun22

Jun23

LT-Debt-to-Total-Asset

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Red Hill Minerals 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															-	-	-	-	-

Red Hill Minerals LT-Debt-to-Total-Asset Calculation

Red Hill 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 )
	=	0.114	/	53.929
	=

Red Hill 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 )
	=	0.06	/	40.453
	=

Red Hill Minerals (ASX:RHI) 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 Hill Minerals LT-Debt-to-Total-Asset Related Terms

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Red Hill Minerals (ASX:RHI) Business Description

Industry

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

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Traded in Other Exchanges

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Address

9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.redhillminerals.com.au

Red Hill Minerals Ltd is an exploration company that focuses on the exploration for non-ferrous minerals over the RHIOJV tenements in the Western Pilbara region of Western Australia. Exploration targets include precious (gold) and battery metals. The company is also progressing the development of its Pannawonica Channel Iron Deposits (CID) and rock quarrying opportunities from its Three Peaks project. Its projects portfolio includes Red Hill Minerals West Pilbara Project, Mineral Resources Ltd Ashburton Hub - Royalty, Pannawonica Iron Ore, and Three Peaks Hard Rock Deposit.