Ora Banda Mining (FRA:M6N) Debt-to-Asset : 0.28 (As of Dec. 2023)

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What is Ora Banda Mining Debt-to-Asset?

Ora Banda Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €15.3 Mil. Ora Banda Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8.9 Mil. Ora Banda Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €87.9 Mil. Ora Banda Mining's debt to asset for the quarter that ended in Dec. 2023 was 0.27.

Ora Banda Mining Debt-to-Asset Historical Data

The historical data trend for Ora Banda 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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Ora Banda Mining Debt-to-Asset Chart

Ora Banda Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.01

0.16

0.24

0.28

Ora Banda Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.24	0.28	0.28	0.28

Competitive Comparison of Ora Banda Mining's Debt-to-Asset

For the Gold subindustry, Ora Banda 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.

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

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

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

Ora Banda Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ora Banda Mining'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
	=	(5.469	+	14.23)	/	71.002
	=	0.28

Ora Banda 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
	=	(15.315	+	8.864)	/	87.947
	=	0.27

Ora Banda Mining (FRA:M6N) 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.

Ora Banda Mining Debt-to-Asset Related Terms

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Ora Banda Mining (FRA:M6N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Banda Mining Ltd (FRA:M6N) » Definitions » Debt-to-Asset

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OBM:Australia

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6008

Website

https://www.orabandamining.com.au

Ora Banda Mining Ltd operates as an exploration and production company in Australia. It is focused on the mining and processing of gold, exploration, and evaluation of gold mineralization. It owns an interest in the Davyhurst Project located to the northwest of Kalgoorlie within the Eastern Goldfields of Western Australia. Some of the projects of the company are Riverina, Lady Ida, and Others.

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