VMSXF (Nine Mile Metals) Debt-to-Asset : 0.03 (As of Jun. 2024)

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What is Nine Mile Metals Debt-to-Asset?

Nine Mile Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.13 Mil. Nine Mile Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Nine Mile Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $3.99 Mil. Nine Mile Metals's debt to asset for the quarter that ended in Jun. 2024 was 0.03.

Nine Mile Metals Debt-to-Asset Historical Data

The historical data trend for Nine Mile Metals'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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Nine Mile Metals Debt-to-Asset Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

0.05

Nine Mile Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															-	-	0.03	0.03	0.03

Competitive Comparison of Nine Mile Metals's Debt-to-Asset

For the Gold subindustry, Nine Mile Metals'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.

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

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

* The bar in red indicates where Nine Mile Metals's Debt-to-Asset falls into.

Nine Mile Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nine Mile Metals's Debt-to-Asset for the fiscal year that ended in Sep. 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)	/	3.658
	=	0.00

Nine Mile Metals's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(0.131	+	0)	/	3.994
	=	0.03

Nine Mile Metals (OTCPK:VMSXF) 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.

Nine Mile Metals Debt-to-Asset Related Terms

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Nine Mile Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.