Advance Metals (ASX:AVM) Debt-to-Asset : 0.00 (As of Jun. 2023)

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What is Advance Metals Debt-to-Asset?

Advance Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Advance Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Advance Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$5.46 Mil. Advance Metals's debt to asset for the quarter that ended in Jun. 2023 was 0.00.

Advance Metals Debt-to-Asset Historical Data

The historical data trend for Advance Metals'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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Advance Metals Debt-to-Asset Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	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															-	-	-	-	-

Competitive Comparison of Advance Metals's Debt-to-Asset

For the Coking Coal subindustry, Advance Metals'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.

Advance Metals's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Advance Metals's Debt-to-Asset distribution charts can be found below:

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

Advance Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Advance Metals'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
	=	(0	+	0)	/	5.841
	=	0.00

Advance Metals's Debt-to-Asset for the quarter 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
	=	(0	+	0)	/	5.458
	=	0.00

Advance Metals (ASX:AVM) 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.

Advance Metals Debt-to-Asset Related Terms

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Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

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