Lake Resources NL (STU:LK1) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Lake Resources NL 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. Lake Resources NL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Lake Resources NL's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Lake Resources NL is progressively becoming more dependent on debt to grow their business.

Lake Resources NL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lake Resources NL'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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Lake Resources NL LT-Debt-to-Total-Asset Chart

Lake Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Lake Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Lake Resources NL LT-Debt-to-Total-Asset Calculation

Lake Resources NL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.82	/	119.815
	=

Lake Resources NL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.227	/	99.091
	=

Lake Resources NL (STU:LK1) 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.

Lake Resources NL LT-Debt-to-Total-Asset Related Terms

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Lake Resources NL (STU:LK1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Resources NL (STU:LK1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LLKKF:USA LK1:Germany LKE:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.lakeresources.com.au

Lake Resources NL is a is a lithium exploration company. The principal activities of the company are the exploration and development of lithium brine projects and lithium hard rock projects; and exploration for minerals. The company projects include Olaroz/Cauchari, Paso, Kachi, and Catamarca Pegmatites.

Lake Resources NL (STU:LK1) Headlines

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