Minerals 260 (ASX:MI6) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Minerals 260 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. Minerals 260's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Minerals 260's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.04). It may suggest that Minerals 260 is progressively becoming more dependent on debt to grow their business.

Minerals 260 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Minerals 260'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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Minerals 260 LT-Debt-to-Total-Asset Chart

Minerals 260 Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.04

Minerals 260 Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	0.04	0.04

Minerals 260 LT-Debt-to-Total-Asset Calculation

Minerals 260's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.058	/	17.524
	=

Minerals 260'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 )
	=	0.57	/	14.725
	=

Minerals 260 (ASX:MI6) 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.

Minerals 260 LT-Debt-to-Total-Asset Related Terms

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Minerals 260 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minerals 260 Ltd (ASX:MI6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1292 Hay Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.minerals260.com.au

Minerals 260 Ltd is a mineral exploration company. The company's projects include Moora Project, Koojan JV Project, Dingo Rocks, and Yalwest.

Minerals 260 Headlines

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