MLG Oz (ASX:MLG) Debt-to-Asset : 0.23 (As of Dec. 2023)

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What is MLG Oz Debt-to-Asset?

MLG Oz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.7 Mil. MLG Oz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.6 Mil. MLG Oz's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$260.6 Mil. MLG Oz's debt to asset for the quarter that ended in Dec. 2023 was 0.23.

MLG Oz Debt-to-Asset Historical Data

The historical data trend for MLG Oz'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.

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MLG Oz Debt-to-Asset Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Asset

0.23

0.27

0.25

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.28	0.27	0.26	0.25	0.23

Competitive Comparison of MLG Oz's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, MLG Oz'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.

MLG Oz's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

MLG Oz Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MLG Oz's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(30.673	+	30.216)	/	246.154
	=	0.25

MLG Oz'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
	=	(29.731	+	29.61)	/	260.605
	=	0.23

MLG Oz (ASX:MLG) 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.

MLG Oz Debt-to-Asset Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.