Syrah Resources (STU:3S7) LT-Debt-to-Total-Asset : 0.31 (As of Jun. 2024)

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What is Syrah 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. Syrah Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.31.

Syrah Resources's long-term debt to total assets ratio increased from Jun. 2023 (0.29) to Jun. 2024 (0.31). It may suggest that Syrah Resources is progressively becoming more dependent on debt to grow their business.

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

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

Syrah Resources Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.15

0.19

0.15

0.02

Syrah 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															0.14	0.15	0.29	0.02	0.31

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

Syrah Resources'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 )
	=	12.602	/	641.944
	=	0.02

Syrah 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 )
	=	200.999	/	648.632
	=	0.31

Syrah Resources (STU:3S7) 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.

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

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Syrah Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Syrah Resources Ltd (STU:3S7) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SYAAF:USA SRHYY:USA 3S7:Germany SYR:Australia

Address

477 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.syrahresources.com.au

Syrah Resources Ltd is an Australia-based company engaged in mining, mineral exploration, evaluation, and development. The company operates in three segments: Balama, Vidalia, and Corporate. All of the company's revenue is derived from the Balama segment, where it produces and sells natural flake graphite from the Balama graphite mine in Mozambique. The company sells graphite globally to customers in Europe, China, India, the Americas, and other locations.

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