Norwest Minerals (ASX:NWM) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is Norwest Minerals Debt-to-Asset?

Norwest Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.50 Mil. Norwest Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Norwest Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$20.60 Mil. Norwest Minerals's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Norwest Minerals Debt-to-Asset Historical Data

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

Norwest Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

Norwest Minerals Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						-	-	-	-	0.02

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

For the Gold subindustry, Norwest 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.

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

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

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

Norwest Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Norwest Minerals's Debt-to-Asset for the fiscal year 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	+	0)	/	19.854
	=	0.00

Norwest Minerals's Debt-to-Asset for the quarter 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
	=	(0.5	+	0)	/	20.597
	=	0.02

Norwest Minerals (ASX:NWM) 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.

Norwest Minerals Debt-to-Asset Related Terms

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Norwest Minerals (ASX:NWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norwest Minerals Ltd (ASX:NWM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NRWMF:USA

Address

7 Ventnor Avenue, Suite 1A, First Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.norwestminerals.com.au

Norwest Minerals Ltd is a gold and base metals exploration company. It holds an interest in gold and base-metal projects including the Warriedar Project, Bali Copper, Bulgera Gold, Arunta West Project, Marymia Project, and Marriott Nickel Project. The principal continuing activities of the Company were engaging in the business of seeking to exploit and mine natural resources.

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