Nordic Resources (ASX:NNL) Debt-to-Asset : 0.01 (As of Dec. 2024)

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What is Nordic Resources Debt-to-Asset?

Nordic Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.05 Mil. Nordic Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.04 Mil. Nordic Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was A$13.11 Mil. Nordic Resources's debt to asset for the quarter that ended in Dec. 2024 was 0.01.

Nordic Resources Debt-to-Asset Historical Data

The historical data trend for Nordic 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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Nordic Resources Debt-to-Asset Chart

Nordic Resources Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Asset

0.01

Nordic Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial			-	-	-	0.01	0.01

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

For the Other Industrial Metals & Mining subindustry, Nordic 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.

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

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

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

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Nordic Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nordic 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
	=	(0.026	+	0.084)	/	12.272
	=	0.01

Nordic 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
	=	(0.054	+	0.044)	/	13.106
	=	0.01

Nordic Resources (ASX:NNL) 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.

Nordic Resources Debt-to-Asset Related Terms

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Nordic Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000

Website

https://www.nordicnickel.com

Nordic Resources Ltd is engaged in nickel pig iron and nickel ore production. Its projects include the Pulju Nickel Project and the Maaninkijoki 3 (MJ3) Nickel Project.

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