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

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

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

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

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

Hammer Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Hammer 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															0.01	0.01	0.01	-	-

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

Hammer 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 )
	=	0.064	/	19.921
	=

Hammer 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 )
	=	0.043	/	19.781
	=

Hammer Metals (GREY:HMRRF) 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.

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

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Hammer Metals (Hammer Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hammer Metals Ltd (GREY:HMRRF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6HM:Germany HMX:Australia

Address

28-30 Mayfair Street, Unit 1 and 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.hammermetals.com.au

Hammer Metals Ltd is engaged in the exploration and extraction of mineral resources. Its projects include the Mount Isa project, which consists of Kalman, Elaine, Overlander, Jubilee, and Mount Philp Deposits; and the Bronzewing South Project.

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