Firering Strategic Minerals (LSE:FRG) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is Firering Strategic Minerals 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. Firering Strategic Minerals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

Firering Strategic Minerals's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.12). It may suggest that Firering Strategic Minerals is progressively becoming less dependent on debt to grow their business.

Firering Strategic Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Firering Strategic Minerals'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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Firering Strategic Minerals LT-Debt-to-Total-Asset Chart

Firering Strategic Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.11

0.12

0.19

Firering Strategic Minerals Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.12	0.12	0.17	0.19	0.12

Firering Strategic Minerals LT-Debt-to-Total-Asset Calculation

Firering Strategic Minerals'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 )
	=	0.536	/	2.789
	=

Firering Strategic Minerals'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 )
	=	0.552	/	4.513
	=

Firering Strategic Minerals (LSE:FRG) 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.

Firering Strategic Minerals LT-Debt-to-Total-Asset Related Terms

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Firering Strategic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firering Strategic Minerals PLC (LSE:FRG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ioanni Stylianou 6, 2nd Floor, Office 202, Nicosia, CYP, 2003

Website

https://www.fireringplc.com

Firering Strategic Minerals PLC focuses on developing assets for the ethical production of critical metals. The company's portfolio of assets is in Cote d'Ivoire. Lithium-Coltan Project covers an area of 135 km2 and is in Northern Cote d'Ivoire. It holds an exploration license for lithium which has been amended to include, inter alia, niobium-tantalum following the results of the exploration study and as part of the application for exploitation permits.