Genmin (ASX:GEN) Debt-to-Asset : 0.29 (As of Jun. 2023)

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What is Genmin Debt-to-Asset?

Genmin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$3.36 Mil. Genmin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$17.21 Mil. Genmin's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$71.37 Mil. Genmin's debt to asset for the quarter that ended in Jun. 2023 was 0.29.

Genmin Debt-to-Asset Historical Data

The historical data trend for Genmin'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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Genmin Debt-to-Asset Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.11

0.01

0.21

0.37

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.01	0.01	0.21	0.29	0.37

Competitive Comparison of Genmin's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Genmin'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.

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

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

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

Genmin Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Genmin'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
	=	(8.102	+	18.396)	/	71.064
	=	0.37

Genmin'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
	=	(3.357	+	17.207)	/	71.37
	=	0.29

Genmin (ASX:GEN) 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.

Genmin Debt-to-Asset Related Terms

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Genmin (ASX:GEN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.