Ora Banda Mining (FRA:M6N) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Ora Banda Mining 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. Ora Banda Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Ora Banda Mining's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.10). It may suggest that Ora Banda Mining is progressively becoming more dependent on debt to grow their business.

Ora Banda Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ora Banda Mining'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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Ora Banda Mining LT-Debt-to-Total-Asset Chart

Ora Banda Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

0.11

0.20

Ora Banda Mining 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															0.10	0.11	0.07	0.20	0.10

Ora Banda Mining LT-Debt-to-Total-Asset Calculation

Ora Banda Mining'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 )
	=	14.23	/	71.002
	=	0.20

Ora Banda Mining'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 )
	=	8.864	/	87.947
	=	0.10

Ora Banda Mining (FRA:M6N) 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.

Ora Banda Mining LT-Debt-to-Total-Asset Related Terms

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Ora Banda Mining (FRA:M6N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Banda Mining Ltd (FRA:M6N) » Definitions » LT-Debt-to-Total-Asset

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OBM:Australia

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6008

Website

https://www.orabandamining.com.au

Ora Banda Mining Ltd operates as an exploration and production company in Australia. It is focused on the mining and processing of gold, exploration, and evaluation of gold mineralization. It owns an interest in the Davyhurst Project located to the northwest of Kalgoorlie within the Eastern Goldfields of Western Australia. Some of the projects of the company are Riverina, Lady Ida, and Others.

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