Torque Metals (ASX:TOR) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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

Torque Metals's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.02). It may suggest that Torque Metals is progressively becoming more dependent on debt to grow their business.

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

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

Torque Metals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Torque Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	-	-	0.02

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

Torque 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	/	22.777
	=

Torque 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 )
	=	0.417	/	25.343
	=

Torque Metals (ASX:TOR) 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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Torque Metals Business Description

Industry

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

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Traded in Other Exchanges

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Address

16 - 18 Nicholson Road, Unit 8, Subiaco, WA, AUS, 6008

Website

https://www.torquemetals.com

Torque Metals Ltd is a smart exploration company with a discovery methodology, combining drilling results with machine learning algorithms and geological interpretation. The company has three projects namely; New Dawn Lithium Project, Penzance Nickel Project and Paris Gold Project. It operates in one segment being exploration in Western Australia, Australia.

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