Focus Minerals (ASX:FML) Debt-to-Asset : 0.40 (As of Dec. 2023)

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What is Focus Minerals Debt-to-Asset?

Focus Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$30.88 Mil. Focus Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$67.56 Mil. Focus Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$246.79 Mil. Focus Minerals's debt to asset for the quarter that ended in Dec. 2023 was 0.40.

Focus Minerals Debt-to-Asset Historical Data

The historical data trend for Focus Minerals's Debt-to-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.

* Premium members only.

Focus Minerals Debt-to-Asset Chart

Focus Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.13

0.20

0.40

Focus Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.14	0.20	0.42	0.40

Competitive Comparison of Focus Minerals's Debt-to-Asset

For the Gold subindustry, Focus Minerals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Focus Minerals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Focus Minerals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Focus Minerals's Debt-to-Asset falls into.

Focus Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Focus Minerals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(30.879	+	67.557)	/	246.792
	=	0.40

Focus Minerals's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(30.879	+	67.557)	/	246.792
	=	0.40

Focus Minerals (ASX:FML) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Focus Minerals Debt-to-Asset Related Terms

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Focus Minerals (ASX:FML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Focus Minerals Ltd (ASX:FML) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FZA:Germany

Address

159 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.focusminerals.com.au

Focus Minerals Ltd is engaged in the exploration of gold. The company's projects include Coolgardie Gold Project and Laverton Gold Project.

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