Vertex Minerals (ASX:VTX) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is Vertex Minerals Debt-to-Asset?

Vertex Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Vertex Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.12 Mil. Vertex Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$9.15 Mil. Vertex Minerals's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Vertex Minerals Debt-to-Asset Historical Data

The historical data trend for Vertex 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.

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Vertex Minerals Debt-to-Asset Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	-	-	-	0.02

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

For the Gold subindustry, Vertex 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.

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

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

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

Vertex Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Vertex Minerals's Debt-to-Asset for the fiscal year that ended in Jun. 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)	/	7.769
	=	0.00

Vertex 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
	=	(0.062	+	0.115)	/	9.154
	=	0.02

Vertex Minerals (ASX:VTX) 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.

Vertex Minerals Debt-to-Asset Related Terms

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Vertex Minerals (ASX:VTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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