Infinity Mining (ASX:IMI) Debt-to-Asset : 0.05 (As of Sep. 2024)

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What is Infinity Mining Debt-to-Asset?

Infinity Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$0.00 Mil. Infinity Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$0.24 Mil. Infinity Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was A$5.10 Mil. Infinity Mining's debt to asset for the quarter that ended in Sep. 2024 was 0.05.

Infinity Mining Debt-to-Asset Historical Data

The historical data trend for Infinity Mining'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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Infinity Mining Debt-to-Asset Chart

Infinity Mining Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Asset

Infinity Mining Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial			0.01	-	0.01	-	0.05

Competitive Comparison of Infinity Mining's Debt-to-Asset

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

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

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

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

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Infinity Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Infinity Mining's Debt-to-Asset for the fiscal year that ended in Mar. 2024 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)	/	8.474
	=	0.00

Infinity Mining's Debt-to-Asset for the quarter that ended in Sep. 2024 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	+	0.243)	/	5.103
	=	0.05

Infinity Mining (ASX:IMI) 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.

Infinity Mining Debt-to-Asset Related Terms

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Infinity Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

40-52 McDougall Street, Suite 1G, Level 1, Corporate House, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.infinitymining.com.au

Infinity Mining Ltd is a mineral mining and exploration company. The company holds the Pilbara Projects in the Pilbara region of Western Australia comprising an extensive portfolio of gold, copper, zinc, and lithium exploration tenements.