Keras Resources (LSE:KRS) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2024)

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What is Keras 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. Keras Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

Keras Resources's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.23). It may suggest that Keras Resources is progressively becoming more dependent on debt to grow their business.

Keras Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Keras 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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Keras Resources LT-Debt-to-Total-Asset Chart

Keras Resources Annual Data

Trend

Sep13

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Dec23

LT-Debt-to-Total-Asset

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0.11

Keras Resources Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	0.11	0.23

Keras Resources LT-Debt-to-Total-Asset Calculation

Keras 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 )
	=	0.531	/	4.727
	=	0.11

Keras 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 )
	=	1.516	/	6.514
	=	0.23

Keras Resources (LSE:KRS) 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.

Keras Resources LT-Debt-to-Total-Asset Related Terms

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Keras Resources Business Description

Industry

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

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KRS.GB:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. The company is principally engaged in the business of manganese and cobalt exploration and development in West Africa. The company's main projects are the Nayega manganese project, the Diamond Creek Phosphate mine, and the Carbon Market. The operation produces a variety of organic phosphate products directly for the United States fertilizer market. The operating segments of the company are Maganese, Phosphate, and others. The company derives a majority of its revenue from the United States.

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