Jubilee Metals Group (FRA:JI5) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

Jubilee Metals Group's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Jubilee Metals Group is progressively becoming more dependent on debt to grow their business.

Jubilee Metals Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jubilee Metals Group'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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Jubilee Metals Group LT-Debt-to-Total-Asset Chart

Jubilee Metals Group Annual Data

Trend

Jun14

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Jun23

LT-Debt-to-Total-Asset

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Jubilee Metals Group 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															-	-	-	-	0.01

Jubilee Metals Group LT-Debt-to-Total-Asset Calculation

Jubilee Metals Group'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 )
	=	0.028	/	349.782
	=	0.00

Jubilee Metals Group'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 )
	=	3.156	/	322.908
	=	0.01

Jubilee Metals Group (FRA:JI5) 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.

Jubilee Metals Group LT-Debt-to-Total-Asset Related Terms

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Jubilee Metals Group (FRA:JI5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Metals Group PLC (FRA:JI5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JBL:South Africa JUBPF:USA JLP:UK JI5:Germany

Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.jubileemetalsgroup.com

Jubilee Metals Group PLC is a platinum-focused mining and exploration company. The Company's operations include PGM and Chrome, engaged in the processing of PGM and chromium-containing materials; Copper and Cobalt are involved in the processing of materials containing copper and cobalt; Others include administrative and corporate expenses. It has operations in six countries namely South Africa, Australia, Madagascar, Mauritius, Zambia, and the United Kingdom.

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