MetalsGrove Mining (ASX:MGA) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is MetalsGrove 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. MetalsGrove Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

MetalsGrove Mining's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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

MetalsGrove Mining Annual Data

Trend

Jun23

Jun24

LT-Debt-to-Total-Asset

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	-	-	-

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

MetalsGrove Mining'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	/	6.407
	=

MetalsGrove Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	7.288
	=

MetalsGrove Mining (ASX:MGA) 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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MetalsGrove Mining Business Description

Industry

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

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Traded in Other Exchanges

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Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; Dundas-Lithium and REE-WA and Woodie Woodie North Manganese Project.