Burgundy Diamond Mines (ASX:BDM) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2024)

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What is Burgundy Diamond Mines 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. Burgundy Diamond Mines's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.18.

Burgundy Diamond Mines's long-term debt to total assets ratio increased from Dec. 2023 (0.14) to Dec. 2024 (0.18). It may suggest that Burgundy Diamond Mines is progressively becoming more dependent on debt to grow their business.

Burgundy Diamond Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Burgundy Diamond Mines'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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Burgundy Diamond Mines LT-Debt-to-Total-Asset Chart

Burgundy Diamond Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dec24

LT-Debt-to-Total-Asset

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0.80

0.18

Burgundy Diamond Mines Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.09	-	0.14	0.14	0.18

Burgundy Diamond Mines LT-Debt-to-Total-Asset Calculation

Burgundy Diamond Mines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	128.589	/	729.16
	=	0.18

Burgundy Diamond Mines'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 )
	=	128.589	/	729.16
	=	0.18

Burgundy Diamond Mines (ASX:BDM) 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.

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Burgundy Diamond Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Burgundy Diamond Mines Ltd (ASX:BDM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

108 Street Georges Terrace, Level 25 , South 32 Tower, Perth, WA, AUS, 6000

Website

https://www.burgundy-diamonds.com

Burgundy Diamond Mines Ltd is an Australian diamond exploration company. The company holds interests in the Naujaat property, Ekati mine, and other operations. The Group's reportable segments comprise Rough Diamond and Polished Diamond. The company generates maximum revenue from Rough Diamonds.

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