PolyMet Mining (TSX:POM) Debt-to-Asset : 0.00 (As of Jun. 2023)

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What is PolyMet Mining Debt-to-Asset?

PolyMet Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.09 Mil. PolyMet Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.10 Mil. PolyMet Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was C$725.52 Mil. PolyMet Mining's debt to asset for the quarter that ended in Jun. 2023 was 0.00.

PolyMet Mining Debt-to-Asset Historical Data

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

PolyMet Mining Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.49

0.04

0.08

0.12

0.19

PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.17	0.19	0.21	-

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

For the Other Industrial Metals & Mining subindustry, PolyMet 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.

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

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

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

PolyMet Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PolyMet Mining's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(128.403	+	0.278)	/	669.541
	=	0.19

PolyMet Mining's Debt-to-Asset for the quarter 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
	=	(0.089	+	0.098)	/	725.521
	=	0.00

PolyMet Mining (TSX:POM) 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.

PolyMet Mining Debt-to-Asset Related Terms

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PolyMet Mining (TSX:POM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (TSX:POM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.