Shuka Minerals (LSE:SKA) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Shuka 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. Shuka Minerals's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Shuka Minerals's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that Shuka Minerals is progressively becoming less dependent on debt to grow their business.

Shuka Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shuka 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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Shuka Minerals LT-Debt-to-Total-Asset Chart

Shuka Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

Shuka Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	-

Shuka Minerals LT-Debt-to-Total-Asset Calculation

Shuka 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 )
	=	0.032	/	6.927
	=	0.00

Shuka 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 )
	=	0.017	/	6.44
	=	0.00

Shuka Minerals (LSE:SKA) 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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Shuka Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

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

Website

https://www.shukaminerals.com

Shuka Minerals PLC is a dynamic and inventive mining and development company, driven by a passionate commitment to exploring and harnessing Africa's vast mineral resources. The company's unwavering focus is on acquiring and developing valuable minerals across the continent with the aim of significantly contributing to the sustainable growth and development of local communities. Shuka Minerals is embarking on an exciting journey of discovery and development in Tanzania, Zambia, South Africa, and other African countries rich in copper, lead, and zinc deposits.

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