Velocity Minerals (STU:VMSP) Debt-to-Asset : 0.00 (As of Sep. 2024)

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What is Velocity Minerals Debt-to-Asset?

Velocity Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.06 Mil. Velocity Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.02 Mil. Velocity Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €18.85 Mil. Velocity Minerals's debt to asset for the quarter that ended in Sep. 2024 was 0.00.

Velocity Minerals Debt-to-Asset Historical Data

The historical data trend for Velocity 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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Velocity Minerals Debt-to-Asset Chart

Velocity Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.29

0.15

0.01

Velocity Minerals Quarterly Data
	Dec19	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	0.01	-	-

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

For the Gold subindustry, Velocity 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.

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

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

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

Velocity Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Velocity Minerals'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
	=	(0.065	+	0.049)	/	20.412
	=	0.01

Velocity Minerals'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
	=	(0.056	+	0.015)	/	18.853
	=	0.00

Velocity Minerals (STU:VMSP) 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.

Velocity Minerals Debt-to-Asset Related Terms

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Velocity Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velocity Minerals Ltd (STU:VMSP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VMSP:Germany VLC:Canada

Address

999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2

Website

https://www.velocityminerals.com

Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.

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