DRA Global (JSE:DRA) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is DRA Global 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. DRA Global's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

DRA Global's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.05). It may suggest that DRA Global is progressively becoming less dependent on debt to grow their business.

DRA Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for DRA Global'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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DRA Global LT-Debt-to-Total-Asset Chart

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.10

0.14

0.05

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.08	0.14	0.10	0.05	0.05

DRA Global LT-Debt-to-Total-Asset Calculation

DRA Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	326.448	/	6738.676
	=	0.05

DRA Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	312.206	/	6796.814
	=	0.05

DRA Global (JSE:DRA) 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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DRA Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (JSE:DRA) » Definitions » LT-Debt-to-Total-Asset

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DRA:Australia

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others. The company has three segments Europe, Middle East, and Africa (EMEA), including SENET and Water entities, Australia and Asia Pacific (APAC), and North and South America (AMER).

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