Neo Energy Metals (LSE:NEO) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2022)

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What is Neo Energy Metals 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. Neo Energy Metals's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.07.

Neo Energy Metals's long-term debt to total assets ratio declined from Sep. 2021 (3.53) to Sep. 2022 (0.07). It may suggest that Neo Energy Metals is progressively becoming less dependent on debt to grow their business.

Neo Energy Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Neo Energy Metals'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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Neo Energy Metals LT-Debt-to-Total-Asset Chart

Neo Energy Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

LT-Debt-to-Total-Asset

0.24

6.20

2.70

2.09

Neo Energy Metals Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							2.61	2.09	3.53	0.07	0.07

Neo Energy Metals LT-Debt-to-Total-Asset Calculation

Neo Energy Metals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

LT Debt to Total Assets (A: Mar. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2021 )	/	Total Assets (A: Mar. 2021 )
	=	1.847	/	0.883
	=

Neo Energy Metals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	0.037	/	0.515
	=

Neo Energy Metals (LSE:NEO) 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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Neo Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Neo Energy Metals PLC (LSE:NEO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off State House Road, 4th Floor West Wing, Vienna Court, State House Crescent, Nairobi, KEN

Website

https://www.neoenergymetals.com

Neo Energy Metals PLC is engaged in mining and development focusing on Uranium and Strategic Metals. The company operates Henkries Uranium project in the Northern Cape Province of South Africa with a clear pathway to production.