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Zeotech (ASX:ZEO) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)


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What is Zeotech 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. Zeotech's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Zeotech's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Zeotech is progressively becoming less dependent on debt to grow their business.

Zeotech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zeotech'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.

* Premium members only.

Zeotech LT-Debt-to-Total-Asset Chart

Zeotech Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.04 0.02 0.02

Zeotech Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.03 0.02 0.02 0.02

Zeotech LT-Debt-to-Total-Asset Calculation

Zeotech'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 )
=0.248/12.837
=

Zeotech'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 )
=0.283/13.719
=

* 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.

Zeotech  (ASX:ZEO) 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.

Zeotech LT-Debt-to-Total-Asset Related Terms

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Zeotech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zeotech Ltd (ASX:ZEO) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
32 Turbot Street, Level 27, Santos Place, Brisbane, QLD, AUS, 4000
Website
https://www.zeotech.com.au
Zeotech Ltd is an industrial kaolin and mineral processing technology company. The company is focused on the development of the Abercorn Project. The company's project includes Methane Emissions control, Soil Carbon Sequestration and Nutrient Management project, and Carbon Capture and Utilisation project. The company generates all of its revenue from Australia.