Develop Global (FRA:IHB1) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Develop Global 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. Develop Global's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Develop Global's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Jun. 2024 (0.04). It may suggest that Develop Global is progressively becoming less dependent on debt to grow their business.

Develop Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Develop Global'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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Develop Global LT-Debt-to-Total-Asset Chart

Develop Global Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.07

0.04

Develop Global 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															0.01	0.06	0.07	0.04	0.04

Develop Global LT-Debt-to-Total-Asset Calculation

Develop Global'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 )
	=	11.506	/	290.686
	=	0.04

Develop Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	11.506	/	290.686
	=	0.04

Develop Global (FRA:IHB1) 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.

Develop Global LT-Debt-to-Total-Asset Related Terms

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Develop Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Develop Global Ltd (FRA:IHB1) » Definitions » LT-Debt-to-Total-Asset

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DVP:Australia

Address

234 Railway Parade, West Perth, West Leederville, WA, AUS, 6007

Website

https://www.venturexresources.com

Develop Global Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Woodlawn Copper and Sulphur Springs.

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