M3 Mining (ASX:M3M) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is M3 Mining Debt-to-Asset?

M3 Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. M3 Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. M3 Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$2.17 Mil. M3 Mining's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

M3 Mining Debt-to-Asset Historical Data

The historical data trend for M3 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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M3 Mining Debt-to-Asset Chart

M3 Mining Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Asset

M3 Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of M3 Mining's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, M3 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.

M3 Mining's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Mining's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where M3 Mining's Debt-to-Asset falls into.

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M3 Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

M3 Mining'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	+	0)	/	2.116
	=	0.00

M3 Mining'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	+	0)	/	2.168
	=	0.00

M3 Mining (ASX:M3M) 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.

M3 Mining Debt-to-Asset Related Terms

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M3 Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Mining Ltd (ASX:M3M) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

225 St Georges Terrace, Level 4, West Perth, Perth, WA, AUS, 6000

Website

https://www.m3mining.com.au

M3 Mining Ltd is a mining exploration company. It focuses on unlocking copper and gold deposit in West Australian mining jurisdiction. The company's project includes Victoria Bore Copper and Edjudina Gold. The Company has one reportable segment, being mineral exploration in Australia.

M3 Mining Headlines

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