Atlantic Lithium (LSE:ALL) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Atlantic Lithium 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. Atlantic Lithium's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Atlantic Lithium's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Atlantic Lithium is progressively becoming more dependent on debt to grow their business.

Atlantic Lithium LT-Debt-to-Total-Asset Historical Data

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

Atlantic Lithium Annual Data

Trend

Jun14

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Jun23

LT-Debt-to-Total-Asset

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Atlantic Lithium 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															-	-	-	-	0.02

Atlantic Lithium LT-Debt-to-Total-Asset Calculation

Atlantic Lithium'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	/	19.545
	=

Atlantic Lithium'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 )
	=	0.35	/	19.488
	=	0.02

Atlantic Lithium (LSE:ALL) 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.

Atlantic Lithium LT-Debt-to-Total-Asset Related Terms

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Atlantic Lithium (LSE:ALL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Lithium Ltd (LSE:ALL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ALLIF:USA BSG0:Germany A11:Australia

Address

264 George Street, Level 33, Australia Square, Sydney, NSW, AUS, 2000

Website

https://www.atlanticlithium.com.au

Atlantic Lithium Ltd is an Australia-based lithium exploration company. It owns an extensive portfolio of exploration and development assets providing exploration upside across both Ghana and Cote d'Ivoire.