DevEx Resources (FRA:BUU) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is DevEx 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. DevEx Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

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

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

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

DevEx Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.01

DevEx Resources 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															0.03	0.01	0.02	0.01	0.01

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

DevEx 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 )
	=	0.091	/	16.231
	=

DevEx Resources'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 )
	=	0.126	/	19.4
	=

DevEx Resources (FRA:BUU) 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.

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

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DevEx Resources Business Description

Industry

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

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UREQF:USA DEV:Australia

Address

1292 Hay Street, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.devexresources.com.au

DevEx Resources Ltd is engaged in the exploration and evaluation of mineral properties in Australia. It explores uranium, copper, gold and other base metals. The company's property portfolio consists of exploration licenses covering various deposit styles in Northern Territory and Western Australia. It owns interest in the Nabarlek Uranium Project, Dundas Project, and the Junee Copper-Gold Project among others.

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