Spartan Resources (FRA:6G40) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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

Spartan Resources's long-term debt to total assets ratio declined from Dec. 2023 (0.06) to Dec. 2024 (0.02). It may suggest that Spartan Resources is progressively becoming less dependent on debt to grow their business.

Spartan Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spartan Resources'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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Spartan Resources LT-Debt-to-Total-Asset Chart

Spartan Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.05

0.10

0.08

0.07

0.03

Spartan Resources 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															0.05	0.07	0.06	0.03	0.02

Spartan Resources LT-Debt-to-Total-Asset Calculation

Spartan Resources'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 )
	=	5.19	/	160.519
	=

Spartan Resources'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 )
	=	4.789	/	274.415
	=

Spartan Resources (FRA:6G40) 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.

Spartan Resources LT-Debt-to-Total-Asset Related Terms

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Spartan Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spartan Resources Ltd (FRA:6G40) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GYYSF:USA SPR:Australia

Address

41-47 Colin Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.spartanresources.com.au

Spartan Resources Ltd engages in the exploration and development of gold projects in Western Australia. The company holds an interest in the Dalgaranga gold project located in the Murchison region of Western Australia; the Glenburgh gold project located in the Gascoyne region of Western Australia and the Egerton gold project located in the Gascoyne region of Western Australia.

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