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Kingsland Minerals (ASX:KNG) Debt-to-Asset : 0.01 (As of Dec. 2023)


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What is Kingsland Minerals Debt-to-Asset?

Kingsland Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Kingsland Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. Kingsland Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$9.22 Mil. Kingsland Minerals's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

Kingsland Minerals Debt-to-Asset Historical Data

The historical data trend for Kingsland Minerals'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.

* Premium members only.

Kingsland Minerals Debt-to-Asset Chart

Kingsland Minerals Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Asset
- 0.01 0.01

Kingsland Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Asset - 0.02 0.01 0.01 0.01

Competitive Comparison of Kingsland Minerals's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Kingsland Minerals'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.

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

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

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


Kingsland Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kingsland Minerals's Debt-to-Asset for the fiscal year that ended in Jun. 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
=(0.042 + 0.061) / 7.928
=0.01

Kingsland Minerals'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
=(0.038 + 0.083) / 9.219
=0.01

* 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.

Kingsland Minerals  (ASX:KNG) 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.

Kingsland Minerals Debt-to-Asset Related Terms

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Kingsland Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsland Minerals Ltd (ASX:KNG) » Definitions » Debt-to-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
43 Ventnor Avenue, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.kingslandminerals.com.au
Kingsland Minerals Ltd is an early-stage mineral exploration and development company focused on gold, base metals, and uranium discoveries within projects located in the Northern Territory and Western Australia. It holds interest in Allamber, Woolgni, Shoobridge, and Mount Davis projects located in the Northern Territory; and Lake Johnston Project located in Western Australia. The Group has one reportable segment, being mineral exploration activities in Australia.