Strategic Minerals Europe (NEOE:SNTA) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Strategic Minerals Europe 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. Strategic Minerals Europe's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Strategic Minerals Europe's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.11). It may suggest that Strategic Minerals Europe is progressively becoming more dependent on debt to grow their business.

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

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

Strategic Minerals Europe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.72

0.98

0.14

0.11

0.14

Strategic Minerals Europe Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.10	0.11	0.10	0.14	0.11

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

Strategic Minerals Europe'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 )
	=	2.569	/	18.817
	=	0.14

Strategic Minerals Europe's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.837	/	16.782
	=

Strategic Minerals Europe (NEOE:SNTA) 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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Strategic Minerals Europe (NEOE:SNTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals Europe Corp (NEOE:SNTA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SNTAF:USA

Address

Calle Nunez de Balboa 116, 3 0, Office 2B, Madrid, ESP, 28006

Website

https://www.strategicminerals.com

Strategic Minerals Europe Corp is engaged in the identification, exploration, and development of mineral resource properties in Spain. It holds permits and licenses related to two Spanish mining projects called the Alberta II project and the Penouta project.

Executives

Serafino Iacono

10% Security Holder

Strategic Minerals Europe (NEOE:SNTA) Headlines

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