ARSMF (Ares Strategic Mining) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2024)

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What is Ares Strategic Mining LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ares Strategic Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.31.

Ares Strategic Mining's long-term debt to total assets ratio declined from Dec. 2023 (0.51) to Dec. 2024 (0.31). It may suggest that Ares Strategic Mining is progressively becoming less dependent on debt to grow their business.

Ares Strategic Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ares Strategic Mining's LT-Debt-to-Total-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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Ares Strategic Mining LT-Debt-to-Total-Asset Chart

Ares Strategic Mining Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.27

0.30

Ares Strategic Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.50	0.47	0.30	0.31

Ares Strategic Mining LT-Debt-to-Total-Asset Calculation

Ares Strategic Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	8.164	/	26.912
	=

Ares Strategic Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	8.315	/	27.286
	=

Ares Strategic Mining (OTCPK:ARSMF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ares Strategic Mining LT-Debt-to-Total-Asset Related Terms

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Ares Strategic Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ares Strategic Mining Inc (OTCPK:ARSMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N8I:Germany ARS:Canada

Address

409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aresmining.com

Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, Liard Property, jackpot lake property, Wilcox playa and Ontario properties.

Ares Strategic Mining Headlines

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