Critical Mineral Resources (LSE:CMRS) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Critical Mineral Resources 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. Critical Mineral Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Critical Mineral Resources's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Jun. 2024 (0.17). It may suggest that Critical Mineral Resources is progressively becoming more dependent on debt to grow their business.

Critical Mineral Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Critical Mineral Resources'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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Critical Mineral Resources LT-Debt-to-Total-Asset Chart

Critical Mineral Resources Annual Data

Trend

Nov18

Nov19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.21

Critical Mineral Resources Semi-Annual Data
	Nov18	May19	Nov19	May20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.02	0.02	0.21	0.17

Critical Mineral Resources LT-Debt-to-Total-Asset Calculation

Critical Mineral Resources'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 )
	=	0.053	/	0.251
	=

Critical Mineral Resources'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 )
	=	0.044	/	0.255
	=

Critical Mineral Resources (LSE:CMRS) 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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Critical Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Mineral Resources PLC (LSE:CMRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.cmrplc.com

Critical Mineral Resources PLC is engaged in exploration for, and development of mineral resources, including in Morocco, and the identification of future acquisition targets in the same industry. Its current focus is on copper-gold opportunities. Some of its projects are Morocco and Anzar Copper.

Critical Mineral Resources Headlines

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