Firestone Diamonds (FRA:GYF1) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2020)

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What is Firestone Diamonds 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. Firestone Diamonds's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.04.

Firestone Diamonds's long-term debt to total assets ratio declined from Dec. 2018 (0.68) to Jun. 2020 (0.04). It may suggest that Firestone Diamonds is progressively becoming less dependent on debt to grow their business.

Firestone Diamonds LT-Debt-to-Total-Asset Historical Data

The historical data trend for Firestone Diamonds'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.

* Premium members only.

Firestone Diamonds LT-Debt-to-Total-Asset Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

LT-Debt-to-Total-Asset

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0.23

0.53

0.65

0.99

0.04

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.59	0.65	0.68	0.99	0.04

Firestone Diamonds LT-Debt-to-Total-Asset Calculation

Firestone Diamonds's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (A: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2020 )	/	Total Assets (A: Jun. 2020 )
	=	1.801	/	50.786
	=	0.04

Firestone Diamonds's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	1.801	/	50.786
	=

Firestone Diamonds (FRA:GYF1) 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.

Firestone Diamonds LT-Debt-to-Total-Asset Related Terms

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Firestone Diamonds (FRA:GYF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (FRA:GYF1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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