Tharisa (LSE:THS) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Tharisa 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. Tharisa's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Tharisa's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that Tharisa is progressively becoming less dependent on debt to grow their business.

Tharisa LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tharisa'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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Tharisa LT-Debt-to-Total-Asset Chart

Tharisa Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.03

0.02

0.07

0.04

Tharisa Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.04	0.07	0.04

Tharisa LT-Debt-to-Total-Asset Calculation

Tharisa's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	38.077	/	913.098
	=	0.04

Tharisa's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	38.077	/	913.098
	=

Tharisa (LSE:THS) 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.

Tharisa LT-Debt-to-Total-Asset Related Terms

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Tharisa Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

THA:South Africa TIHRF:USA 7YZ:Germany

Address

17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011

Website

https://www.tharisa.com

Tharisa PLC operates in the mining industry. The company is engaged in mining, producing, selling, and distributing platinum group metals and chrome concentrates at a low cost. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company's operating segments include PGM; Chrome; Agency and trading and Manufacturing. The majority of its revenue comes from the Chrome segment.