IAUFF (AIC Mines) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is AIC Mines 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. AIC Mines's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

AIC Mines's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.02). It may suggest that AIC Mines is progressively becoming more dependent on debt to grow their business.

AIC Mines LT-Debt-to-Total-Asset Historical Data

The historical data trend for AIC Mines'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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AIC Mines LT-Debt-to-Total-Asset Chart

AIC Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.02

AIC Mines Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.02	0.02

AIC Mines LT-Debt-to-Total-Asset Calculation

AIC Mines'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 )
	=	2.628	/	177.149
	=	0.01

AIC Mines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.628	/	177.149
	=	0.01

AIC Mines (OTCPK:IAUFF) 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.

AIC Mines LT-Debt-to-Total-Asset Related Terms

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AIC Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AIC Mines Ltd (OTCPK:IAUFF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HLS:Germany HLS:Germany A1M:Australia

Address

130 Hay Street, Suite 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aicmines.com.au

AIC Mines Ltd is engaged in an exploration of gold and copper deposits. It holds an interest in the Marymia Project and Lamil Project. The company operates in one geographical area being Australia and two operating segments being mining and exploration and corporate activities.