Mincor Resources NL (ASX:MCR) Debt-to-Asset : 0.12 (As of Dec. 2022)

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What is Mincor Resources NL Debt-to-Asset?

Mincor Resources NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$23.16 Mil. Mincor Resources NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$11.08 Mil. Mincor Resources NL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2022 was A$277.59 Mil. Mincor Resources NL's debt to asset for the quarter that ended in Dec. 2022 was 0.12.

Mincor Resources NL Debt-to-Asset Historical Data

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

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Debt-to-Asset

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0.13

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Debt-to-Asset	Get a 7-Day Free Trial															0.02	-	0.14	0.13	0.12

Competitive Comparison of Mincor Resources NL's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Mincor Resources NL'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.

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

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

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

Mincor Resources NL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mincor Resources NL's Debt-to-Asset for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14.382	+	14.976)	/	224.535
	=	0.13

Mincor Resources NL's Debt-to-Asset for the quarter that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.163	+	11.076)	/	277.586
	=	0.12

Mincor Resources NL (ASX:MCR) 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.

Mincor Resources NL Debt-to-Asset Related Terms

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Mincor Resources NL (ASX:MCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (ASX:MCR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.