Minas Metals (XCNQ:MINA) Debt-to-Asset : 3.05 (As of Oct. 2024)

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What is Minas Metals Debt-to-Asset?

Minas Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.11 Mil. Minas Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil. Minas Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2024 was C$0.04 Mil. Minas Metals's debt to asset for the quarter that ended in Oct. 2024 was 3.05.

Minas Metals Debt-to-Asset Historical Data

The historical data trend for Minas 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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Minas Metals Debt-to-Asset Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

Jan24

Debt-to-Asset

0.04

0.08

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Asset	Get a 7-Day Free Trial										0.03	0.08	0.08	0.99	3.05

Competitive Comparison of Minas Metals's Debt-to-Asset

For the Gold subindustry, Minas 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.

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

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

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

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Minas Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Minas Metals's Debt-to-Asset for the fiscal year that ended in Jan. 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
	=	(0.106	+	0)	/	1.304
	=	0.08

Minas Metals's Debt-to-Asset for the quarter that ended in Oct. 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
	=	(0.113	+	0)	/	0.037
	=	3.05

Minas Metals (XCNQ:MINA) 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.

Minas Metals Debt-to-Asset Related Terms

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Minas Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minas Metals Ltd (XCNQ:MINA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 West Georgia Street, Vancouver, BC, CAN, V6C 3E8

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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