Lynas Rare Earths (FRA:LYIC) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Lynas Rare Earths 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. Lynas Rare Earths's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Lynas Rare Earths's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.06). It may suggest that Lynas Rare Earths is progressively becoming less dependent on debt to grow their business.

Lynas Rare Earths LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lynas Rare Earths'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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Lynas Rare Earths LT-Debt-to-Total-Asset Chart

Lynas Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.19

0.18

0.10

0.08

0.07

Lynas Rare Earths 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															0.10	0.08	0.07	0.07	0.06

Lynas Rare Earths LT-Debt-to-Total-Asset Calculation

Lynas Rare Earths'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 )
	=	108.925	/	1634.562
	=	0.07

Lynas Rare Earths'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 )
	=	97.074	/	1672.425
	=	0.06

Lynas Rare Earths (FRA:LYIC) 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.

Lynas Rare Earths LT-Debt-to-Total-Asset Related Terms

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Lynas Rare Earths (FRA:LYIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lynas Rare Earths Ltd (FRA:LYIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LYSDY:USA LYSCF:USA LYI:Germany LYC:Australia

Address

1 Howard Street, Level 4, Perth, WA, AUS, 6000

Website

https://www.lynascorp.com

Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

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