Advance ZincTek (FRA:BBJ) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Advance ZincTek 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. Advance ZincTek's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Advance ZincTek's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Advance ZincTek is progressively becoming less dependent on debt to grow their business.

Advance ZincTek LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advance ZincTek'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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Advance ZincTek LT-Debt-to-Total-Asset Chart

Advance ZincTek Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.08

0.07

0.05

0.04

0.03

Advance ZincTek 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	0.04	0.04	0.03	0.03

Advance ZincTek LT-Debt-to-Total-Asset Calculation

Advance ZincTek'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 )
	=	0.771	/	23.281
	=	0.03

Advance ZincTek'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 )
	=	0.722	/	23.557
	=	0.03

Advance ZincTek (FRA:BBJ) 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.

Advance ZincTek LT-Debt-to-Total-Asset Related Terms

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Advance ZincTek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance ZincTek Ltd (FRA:BBJ) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ANO:Australia

Address

1821, Ipswich Road, Rocklea, Brisbane, QLD, AUS, 4106

Website

https://www.advancezinctek.com

Advance ZincTek Ltd is engaged in the manufacture of aluminium oxide powder (Alusion), zinc oxide dispersions, and zinc oxide powder (collectively ZinClear) for the Personal Care Sector. The company operates in a single segment which is the Personal Care segment which produces and distributes dispersions of mineral-only UV filters in cosmetic emollients used for sunscreen, skincare and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. Geographically, the company derives maximum revenue from Europe and the rest from United States of America and Canada, Australia, and the Rest of the world.

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