29Metals (ASX:29M) Debt-to-Revenue : 0.50 (As of Dec. 2024)

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What is 29Metals Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

29Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$129.7 Mil. 29Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$185.6 Mil. 29Metals's annualized Revenue for the quarter that ended in Dec. 2024 was A$627.4 Mil. 29Metals's annualized Debt-to-Revenue for the quarter that ended in Dec. 2024 was 0.50.

29Metals Debt-to-Revenue Historical Data

The historical data trend for 29Metals's Debt-to-Revenue 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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29Metals Debt-to-Revenue Chart

29Metals Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Revenue

0.39

0.37

0.60

0.57

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Revenue	Get a 7-Day Free Trial			0.37	0.65	0.62	0.55	0.50

Competitive Comparison of 29Metals's Debt-to-Revenue

For the Other Precious Metals & Mining subindustry, 29Metals's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

29Metals's Debt-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where 29Metals's Debt-to-Revenue falls into.

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29Metals Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

29Metals's Debt-to-Revenue for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(129.719	+	185.641)	/	557.768
	=	0.57

29Metals's annualized Debt-to-Revenue for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(129.719	+	185.641)	/	627.426
	=	0.50

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Dec. 2024) Revenue data.

29Metals Debt-to-Revenue Related Terms

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29Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of its revenue is generated from golden grove.

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