Sandfire Resources (ASX:SFR) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is Sandfire 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. Sandfire Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

Sandfire Resources's long-term debt to total assets ratio declined from Dec. 2023 (0.17) to Dec. 2024 (0.13). It may suggest that Sandfire Resources is progressively becoming less dependent on debt to grow their business.

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

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

Sandfire Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.13

0.17

Sandfire Resources 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															0.14	0.17	0.17	0.17	0.13

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

Sandfire Resources'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 )
	=	782.879	/	4513.178
	=	0.17

Sandfire Resources'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 )
	=	585.811	/	4699.462
	=	0.12

Sandfire Resources (ASX:SFR) 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.

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

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Sandfire Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SFRRF:USA S2Z:Germany

Address

10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.sandfire.com.au

Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segment includes DeGrussa operations, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, Motheo Copper Operations, and Others. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Tenidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc, and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

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