Summit Minerals (ASX:SUM) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Summit 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. Summit Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Summit Minerals's long-term debt to total assets ratio stayed the same from Dec. 2023 (0.00) to Dec. 2024 (0.00).

Summit Minerals LT-Debt-to-Total-Asset Historical Data

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

Summit Minerals Annual Data

Trend

Jun23

Jun24

LT-Debt-to-Total-Asset

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	-	-	-	-	-

Summit Minerals LT-Debt-to-Total-Asset Calculation

Summit Minerals'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	/	13.347
	=

Summit Minerals'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	/	12.464
	=	0.00

Summit Minerals (ASX:SUM) 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.

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Summit Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

389 Oxford Street, Level 1, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia, Canada, and Brazil. Its projects include the niobium, tantalum, REE, and lithium projects in Brazil; the Stallion Uranium Project and the Phillips River Lithium projects in Western Australia; and the Castor Lithium Project in the James Bay District, Quebec, Canada.