Vertex Minerals (ASX:VTX) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Vertex 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. Vertex Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Vertex Minerals's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Vertex Minerals is progressively becoming more dependent on debt to grow their business.

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

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

Vertex Minerals Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	-	-	0.01

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

Vertex 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	/	7.769
	=

Vertex 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 )
	=	0.115	/	9.154
	=	0.01

Vertex Minerals (ASX:VTX) 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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Vertex Minerals (ASX:VTX) Business Description

Industry

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

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Traded in Other Exchanges

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Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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