Medallion Metals (ASX:MM8) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2024)

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What is Medallion Metals 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. Medallion Metals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.14.

Medallion Metals's long-term debt to total assets ratio declined from Dec. 2023 (0.16) to Dec. 2024 (0.14). It may suggest that Medallion Metals is progressively becoming less dependent on debt to grow their business.

Medallion Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Medallion Metals'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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Medallion Metals LT-Debt-to-Total-Asset Chart

Medallion Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.23

0.25

0.26

0.18

Medallion Metals Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.22	0.26	0.16	0.18	0.14

Medallion Metals LT-Debt-to-Total-Asset Calculation

Medallion Metals'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 )
	=	2.916	/	16.494
	=	0.18

Medallion Metals'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 )
	=	2.916	/	20.3
	=	0.14

Medallion Metals (ASX:MM8) 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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Medallion Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medallion Metals Ltd (ASX:MM8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Ventnor Avenue, Suite 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.medallionmetals.com.au

Medallion Metals Ltd is a minerals exploration company based in Perth, Western Australia. To the north, it has the Ravensthorpe Gold Project comprising mineral rights yielding amounts of high-grade gold and copper. To the south, the Jerdacuttup Project is prospective for base and precious metals. The firm has one reportable segment that is Project Operations. Its assets are located within the southern Goldfields-Esperance region of Western Australia.

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