Infinity Mining (ASX:IMI) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Infinity 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. Infinity Mining's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Infinity Mining's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.05). It may suggest that Infinity Mining is progressively becoming more dependent on debt to grow their business.

Infinity Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Infinity 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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Infinity Mining LT-Debt-to-Total-Asset Chart

Infinity Mining Annual Data

Trend

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Infinity Mining Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	-	-	-	0.05

Infinity Mining LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0	/	8.474
	=

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.243	/	5.103
	=

Infinity Mining (ASX:IMI) 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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Infinity Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinity Mining Ltd (ASX:IMI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

40-52 McDougall Street, Suite 1G, Level 1, Corporate House, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.infinitymining.com.au

Infinity Mining Ltd is a mineral mining and exploration company. The company holds the Pilbara Projects in the Pilbara region of Western Australia comprising an extensive portfolio of gold, copper, zinc, and lithium exploration tenements.