Sovereign Metals (FRA:SVM) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Sovereign Metals 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. Sovereign Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Sovereign Metals's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Sovereign Metals LT-Debt-to-Total-Asset Historical Data

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

Sovereign Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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Sovereign Metals 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															-	-	-	-	-

Sovereign Metals LT-Debt-to-Total-Asset Calculation

Sovereign Metals'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	/	7.365
	=

Sovereign Metals'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	/	28.018
	=

Sovereign Metals (FRA:SVM) 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.

Sovereign Metals LT-Debt-to-Total-Asset Related Terms

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Sovereign Metals (FRA:SVM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SVMLF:USA SVML:UK SVM:Germany SVM:Australia

Address

28 The Esplanade, Level 9, Perth, WA, AUS, 6000

Website

https://www.sovereignmetals.com.au

Sovereign Metals Ltd is a mineral exploration company. It is engaged in the mineral exploration, identification, and appraisal of resource projects. The company's only operating segments being an exploration in Malawi.