Industrial Minerals (ASX:IND) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Industrial Minerals 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. Industrial Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Industrial Minerals's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.00). It may suggest that Industrial Minerals is progressively becoming less dependent on debt to grow their business.

Industrial Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Industrial Minerals'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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Industrial Minerals LT-Debt-to-Total-Asset Chart

Industrial Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.03

0.02

Industrial Minerals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.03	0.02	0.02	-

Industrial Minerals LT-Debt-to-Total-Asset Calculation

Industrial Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.069	/	3.292
	=

Industrial Minerals'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 )
	=	0	/	0
	=

Industrial Minerals (ASX:IND) 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.

Industrial Minerals LT-Debt-to-Total-Asset Related Terms

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Industrial Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Peppermint Grove, Unit 20, Perth, WA, AUS, 6011

Website

https://www.industmin.com

Industrial Minerals Ltd is a company engaged in exploring and developing industrial minerals. Its projects include the Stockyard High Purity Silica Sand (HPSS) Project: The project is targeting high purity silica sand across predominantly cleared private land with no native title implications and has an Indicated and Inferred Mineral. Albany HPSS Project: The Albany HPSS Project is located in southwestern Western Australia. Pippingarra Quarry Project: The Pippingarra Project is prospective for High Purity Quartz (HPQ) and lithium and is located near some of the hardest rock lithium mines. Mukinbudin Quartz-Feldspar Project: Mukinbudin consists of a microcline feldspar deposit within a simple, zoned, feldspar-muscovite-quartz pegmatite, similar to IND's Pippingarra Quarry Project.

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