Oakbay Resources and Energy (JSE:46926) LT-Debt-to-Total-Asset : 0.01 (As of Feb. 2017)

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What is Oakbay Resources and Energy 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. Oakbay Resources and Energy's long-term debt to total assests ratio for the quarter that ended in Feb. 2017 was 0.01.

Oakbay Resources and Energy's long-term debt to total assets ratio stayed the same from Feb. 2016 (0.01) to Feb. 2017 (0.01).

Oakbay Resources and Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy LT-Debt-to-Total-Asset Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

LT-Debt-to-Total-Asset

0.01

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.01	0.01	0.01	0.01

Oakbay Resources and Energy LT-Debt-to-Total-Asset Calculation

Oakbay Resources and Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2017 is calculated as

LT Debt to Total Assets (A: Feb. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2017 )	/	Total Assets (A: Feb. 2017 )
	=	71.646	/	9650.082
	=	0.01

Oakbay Resources and Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2017 is calculated as

LT Debt to Total Assets (Q: Feb. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2017 )	/	Total Assets (Q: Feb. 2017 )
	=	71.646	/	9650.082
	=	0.01

Oakbay Resources and Energy (JSE:46926) 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.

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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