Red Mountain Mining (FRA:RM0) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Red Mountain 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. Red Mountain Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Red Mountain Mining's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.00). It may suggest that Red Mountain Mining is progressively becoming less dependent on debt to grow their business.

Red Mountain Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Red Mountain 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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Red Mountain Mining LT-Debt-to-Total-Asset Chart

Red Mountain Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.08

0.14

0.03

0.01

Red Mountain Mining Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.02	0.01	-

Red Mountain Mining LT-Debt-to-Total-Asset Calculation

Red Mountain Mining'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 )
	=	0.015	/	1.541
	=

Red Mountain Mining'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	/	1.784
	=

Red Mountain Mining (FRA:RM0) 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.

Red Mountain Mining LT-Debt-to-Total-Asset Related Terms

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Red Mountain Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Mountain Mining Ltd (FRA:RM0) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RMX:Australia

Address

23 Railway Road, Suite 11, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.redmountainmining.com.au

Red Mountain Mining Ltd is a mineral exploration company. The company operates only in one reportable segment being Mineral Exploration. The company project in the USA includes Lithic and Mustang Projects, in Australia includes Monjebup REEs Project, Koonenberry Gold, and Canada includes Fry lake Project. Its operating segments are Australia, United States of America (USA) and Canada.

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