MC Mining (JSE:MCZ) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is MC 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. MC Mining's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

MC Mining's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that MC Mining is progressively becoming less dependent on debt to grow their business.

MC Mining LT-Debt-to-Total-Asset Historical Data

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

MC Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

MC Mining 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															0.02	0.01	0.02	0.02	0.01

MC Mining LT-Debt-to-Total-Asset Calculation

MC 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 )
	=	29.026	/	2131.123
	=	0.01

MC Mining'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 )
	=	29.026	/	2131.123
	=	0.01

MC Mining (JSE:MCZ) 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.

MC Mining LT-Debt-to-Total-Asset Related Terms

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MC Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » MC Mining Ltd (JSE:MCZ) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

MCM:Australia

Address

96 Elizabeth Street, Block Arcade, Suite 324, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.mcmining.co.za

MC Mining Ltd is a coal mining company in South Africa. It has two reportable segments namely Exploration and Mining. The Exploration segment involves in search of resources for commercial exploitation and viability and determines technical feasibility. The Mining segment, which is the key revenue generator is involved in the day to day activities of obtaining a saleable product from mineral reserve on a commercial scale. Some of its key projects include Uitkomst Colliery, the Makhado project, and the Greater Soutpansberg Project. Its geographical segments include Australia and South Africa.

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