Andrada Mining (LSE:ATM) LT-Debt-to-Total-Asset : 0.25 (As of Aug. 2024)

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What is Andrada Mining 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. Andrada Mining's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.25.

Andrada Mining's long-term debt to total assets ratio increased from Aug. 2023 (0.10) to Aug. 2024 (0.25). It may suggest that Andrada Mining is progressively becoming more dependent on debt to grow their business.

Andrada Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining LT-Debt-to-Total-Asset Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.01

0.12

0.08

0.16

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.11	0.08	0.10	0.16	0.25

Andrada Mining LT-Debt-to-Total-Asset Calculation

Andrada Mining'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 )
	=	10.367	/	66.195
	=	0.16

Andrada Mining'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 )
	=	16.597	/	66.917
	=	0.25

Andrada Mining (LSE:ATM) 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.

Andrada Mining LT-Debt-to-Total-Asset Related Terms

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Andrada Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ATMTF:USA 9IA:Germany

Address

Hirzel Street, P.O. Box 282, Oak House, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The group has a single operating segment consisting of the Namibian operations. The company's project consists of the Uis Tin project and the Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, and Brandberg West.

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