Many Peaks Minerals (ASX:MPK) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Many Peaks 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. Many Peaks Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Many Peaks Minerals's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.01). It may suggest that Many Peaks Minerals is progressively becoming more dependent on debt to grow their business.

Many Peaks Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Many Peaks 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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Many Peaks Minerals LT-Debt-to-Total-Asset Chart

Many Peaks Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Many Peaks Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	0.01

Many Peaks Minerals LT-Debt-to-Total-Asset Calculation

Many Peaks 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	/	7.566
	=	0.00

Many Peaks 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 )
	=	0.046	/	10.09
	=

Many Peaks Minerals (ASX:MPK) 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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Many Peaks Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

1060 Hay Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.manypeaks.com.au

Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

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