MGMNF (Magna Mining) Debt-to-Asset : 0.00 (As of Sep. 2024)

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What is Magna Mining Debt-to-Asset?

Magna Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.03 Mil. Magna Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.01 Mil. Magna Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $18.61 Mil. Magna Mining's debt to asset for the quarter that ended in Sep. 2024 was 0.00.

Magna Mining Debt-to-Asset Historical Data

The historical data trend for Magna 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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Magna Mining Debt-to-Asset Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.01

Magna Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial														0.01	-	0.01	-	-

Competitive Comparison of Magna Mining's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Magna 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.

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

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

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

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Magna Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Magna Mining's Debt-to-Asset for the fiscal year 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
	=	(0.021	+	0.01)	/	9.516
	=	0.00

Magna Mining's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.03	+	0.012)	/	18.605
	=	0.00

Magna Mining (OTCPK:MGMNF) 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.

Magna Mining Debt-to-Asset Related Terms

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Magna Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (OTCPK:MGMNF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

8YD:Germany NICU:Canada

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Magna Mining Headlines

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