RMLRF (Ramelius Resources) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

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

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

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

Ramelius Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.01

0.03

0.01

Ramelius Resources 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															0.03	0.02	0.01	-	-

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

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

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.922	/	1058.398
	=	0.00

Ramelius 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 )
	=	0.922	/	1058.398
	=	0.00

Ramelius Resources (OTCPK:RMLRF) 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.

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

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Ramelius Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ramelius Resources Ltd (OTCPK:RMLRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RRZ:Germany RMS:Australia

Address

130 Royal Street, Level 1, East Perth, Perth, WA, AUS, 6004

Website

https://www.rameliusresources.com.au

Ramelius Resources Ltd is a gold exploration and production company with exploration activities focused in Western Australia. The company also explores for base metals. Its projects include the Edna May Gold Mine; and the Mount Magnet Goldmine Project. The company generates maximum revenue from the Mount Magnet Goldmine project.