Magnum Mining and Exploration (Magnum Mining and Exploration) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Magnum Mining and Exploration 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. Magnum Mining and Exploration's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Magnum Mining and Exploration's long-term debt to total assets ratio stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Magnum Mining and Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnum Mining and Exploration'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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Magnum Mining and Exploration LT-Debt-to-Total-Asset Chart

Magnum Mining and Exploration Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Magnum Mining and Exploration 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															-	-	-	-	-

Magnum Mining and Exploration LT-Debt-to-Total-Asset Calculation

Magnum Mining and Exploration'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 )
	=	0	/	8.401
	=	0.00

Magnum Mining and Exploration's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	7.259
	=

Magnum Mining and Exploration (OTCPK:MGUFF) 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.

Magnum Mining and Exploration LT-Debt-to-Total-Asset Related Terms

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Magnum Mining and Exploration (Magnum Mining and Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Mining and Exploration Ltd (OTCPK:MGUFF) » Definitions » LT-Debt-to-Total-Asset

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MGU:Australia

Address

52 Phillip Street, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.mmel.com.au

Magnum Mining and Exploration Ltd is a mining and exploration company. Its geographical segments include Australia, the United States, and South Africa. The company's projects include Buena Vista Magnetite Project and HIsmelt Green Pig Iron Project.

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