Magmatic Resources (ASX:MAG) Debt-to-Asset : 0.06 (As of Dec. 2024)

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What is Magmatic Resources Debt-to-Asset?

Magmatic Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.06 Mil. Magmatic Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.48 Mil. Magmatic Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was A$9.12 Mil. Magmatic Resources's debt to asset for the quarter that ended in Dec. 2024 was 0.06.

Magmatic Resources Debt-to-Asset Historical Data

The historical data trend for Magmatic Resources'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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Magmatic Resources Debt-to-Asset Chart

Magmatic Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.02

0.01

0.06

Magmatic Resources Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial											-	-	0.17	0.06	0.06

Competitive Comparison of Magmatic Resources's Debt-to-Asset

For the Gold subindustry, Magmatic Resources'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.

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

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

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

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Magmatic Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Magmatic Resources'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
	=	(0.06	+	0.521)	/	10.412
	=	0.06

Magmatic Resources's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0.056	+	0.484)	/	9.123
	=	0.06

Magmatic Resources (ASX:MAG) 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.

Magmatic Resources Debt-to-Asset Related Terms

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Magmatic Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Edward Street, Orange, WA, AUS, 2800

Website

https://www.magmaticresources.com

Magmatic Resources Ltd is an Australian focused mineral exploration company. The projects include Wellington North Gold and Copper-Gold Project, Parkes Project, Myall Gold-Copper Project and Base Metals Project It operates in one segment being gold exploration projects in Australia.