Omnia Metals Group (ASX:OM1) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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

Omnia Metals Group's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Omnia Metals Group is progressively becoming less dependent on debt to grow their business.

Omnia Metals Group LT-Debt-to-Total-Asset Historical Data

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

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.01	0.01	-	-

Omnia Metals Group LT-Debt-to-Total-Asset Calculation

Omnia Metals Group'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 )
	=	0.031	/	9.846
	=

Omnia Metals Group'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 )
	=	0.011	/	8.773
	=	0.00

Omnia Metals Group (ASX:OM1) 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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Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

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