Mineral Commodities (ASX:MRC) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Mineral Commodities 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. Mineral Commodities's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Mineral Commodities's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.06). It may suggest that Mineral Commodities is progressively becoming more dependent on debt to grow their business.

Mineral Commodities LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mineral Commodities'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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Mineral Commodities LT-Debt-to-Total-Asset Chart

Mineral Commodities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.05

0.04

0.06

Mineral Commodities Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.04	0.02	0.06

Mineral Commodities LT-Debt-to-Total-Asset Calculation

Mineral Commodities's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6.176	/	106.401
	=	0.06

Mineral Commodities'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 )
	=	6.176	/	106.401
	=	0.06

Mineral Commodities (ASX:MRC) 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.

Mineral Commodities LT-Debt-to-Total-Asset Related Terms

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Mineral Commodities (ASX:MRC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

58M:Germany

Address

Unit 2, 59 Belmont Avenue, Belmont, WA, AUS, 6104

Website

https://www.mineralcommodities.com

Mineral Commodities Ltd is a mineral exploration and development company. It has mineral sands projects in South Africa. It is also engaged in exploration activities in Iran, and Australia. The company has five reportable segments: Mineral sands mining and production (Tormin Mineral Sands project) - South Africa; 2. Mineral sands exploration (Xolobeni Mineral Sands project) - South Africa; 3. Graphite mining and production (Skaland) - Norway; 4. Exploration activities - Australia; and 5. Corporate (management and administration of the Company's projects) - Australia, South Africa, and Norway.