Askari Metals (FRA:7ZG) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Askari 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. Askari Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Askari Metals's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Askari Metals is progressively becoming less dependent on debt to grow their business.

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

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

Askari Metals Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.01

0.08

Askari Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.01	-	-	0.08

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

Askari Metals'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 )
	=	0.012	/	7.611
	=

Askari Metals'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	/	6.897
	=

Askari Metals (FRA:7ZG) 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.

Askari Metals LT-Debt-to-Total-Asset Related Terms

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Askari Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Askari Metals Ltd (FRA:7ZG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7ZG:Germany AS2:Australia

Address

355 Scarborough Beach Road, Office Garden Park, L2/Building C, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.askarimetals.com

Askari Metals Ltd is engaged in the gold and lithium exploration. The company's projects include the UiS Lithium Project, Matemanga Uranium Project, Red Peak REE Project, Burracoppin Gold Project, Mt Maguire Gold, Springdale Copper-Gold, and Callawa Copper Project among others. It operates in two segments being in Australia and Namibia in the mineral exploration sector.

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