Copper 360 (JSE:CPR) LT-Debt-to-Total-Asset : 0.02 (As of Aug. 2024)

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What is Copper 360 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. Copper 360's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.02.

Copper 360's long-term debt to total assets ratio declined from Aug. 2023 (0.07) to Aug. 2024 (0.02). It may suggest that Copper 360 is progressively becoming less dependent on debt to grow their business.

Copper 360 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Copper 360'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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Copper 360 LT-Debt-to-Total-Asset Chart

Copper 360 Annual Data

Trend

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

0.36

0.08

Copper 360 Semi-Annual Data
	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.07	0.08	0.02

Copper 360 LT-Debt-to-Total-Asset Calculation

Copper 360's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	94.065	/	1194.48
	=	0.08

Copper 360's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	30.787	/	1365.745
	=	0.02

Copper 360 (JSE:CPR) 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.

Copper 360 LT-Debt-to-Total-Asset Related Terms

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Copper 360 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper 360 Ltd (JSE:CPR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Main Road, Nababeep, Nababeep, NC, ZAF, 8265

Website

https://www.copper360.co.za

Copper 360 Ltd is focused on processing historically mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources. The group's operations are based in the Northern Cape province of South Africa.

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