Accent Resources NL (FRA:A2R) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2023)

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What is Accent Resources NL 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. Accent Resources NL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.41.

Accent Resources NL's long-term debt to total assets ratio declined from Dec. 2022 (0.80) to Dec. 2023 (0.41). It may suggest that Accent Resources NL is progressively becoming less dependent on debt to grow their business.

Accent Resources NL LT-Debt-to-Total-Asset Historical Data

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

Accent Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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1.89

1.67

0.66

0.79

0.78

Accent Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.76	0.79	0.80	0.78	0.41

Accent Resources NL LT-Debt-to-Total-Asset Calculation

Accent Resources NL'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 )
	=	8.841	/	11.335
	=

Accent Resources NL'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 )
	=	4.859	/	11.726
	=

Accent Resources NL (FRA:A2R) 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.

Accent Resources NL LT-Debt-to-Total-Asset Related Terms

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Accent Resources NL (FRA:A2R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Accent Resources NL (FRA:A2R) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ACS:Australia

Address

72 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

http://www.accentresources.com.au

Accent Resources NL is an Australia-based mineral exploration company. It engages in the exploration and evaluation of mineral deposits. The company's projects include the Magnetite Range project, MRP Julia prospect, Norseman Gold project, and MZI Resources.

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