Sky Metals (ASX:SKY) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Sky Metals 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. Sky Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Sky Metals's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Sky Metals is progressively becoming less dependent on debt to grow their business.

Sky Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sky Metals'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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Sky Metals LT-Debt-to-Total-Asset Chart

Sky Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

Sky Metals 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															0.02	0.02	0.02	0.02	0.01

Sky Metals LT-Debt-to-Total-Asset Calculation

Sky Metals'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 )
	=	0.288	/	18.418
	=

Sky Metals'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 )
	=	0.246	/	22.691
	=

Sky Metals (ASX:SKY) 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.

Sky Metals LT-Debt-to-Total-Asset Related Terms

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Sky Metals Business Description

Industry

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

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Traded in Other Exchanges

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Address

2 Hawthorn Place, P.O. Box 8620, Orange, NSW, AUS, 2800

Website

https://www.skymetals.com.au

Sky Metals Ltd is identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The company's projects include the Tallebung Tin Project in central-western NSW. Tallebung is an open-pit, technology-enabled, near-term development project. Its other projects include the Caledonian Project, Iron Duke Copper-Gold Project, Doradilla Project, Narriah Project, Kangiara Project, and Cullarin Project.