IMC Exploration Group (LSE:IMC) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is IMC Exploration 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. IMC Exploration Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

IMC Exploration Group's long-term debt to total assets ratio declined from Jun. 2023 (0.88) to Jun. 2024 (0.11). It may suggest that IMC Exploration Group is progressively becoming less dependent on debt to grow their business.

IMC Exploration Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for IMC Exploration 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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IMC Exploration Group LT-Debt-to-Total-Asset Chart

IMC Exploration Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.53

0.88

0.11

IMC Exploration Group Semi-Annual Data
	Jun15	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													0.53	0.64	0.88	0.11	0.11

IMC Exploration Group LT-Debt-to-Total-Asset Calculation

IMC Exploration Group'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 )
	=	0.753	/	6.824
	=	0.11

IMC Exploration Group'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 )
	=	0.753	/	6.824
	=	0.11

IMC Exploration Group (LSE:IMC) 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.

IMC Exploration Group LT-Debt-to-Total-Asset Related Terms

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IMC Exploration Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IMC Exploration Group PLC (LSE:IMC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

70 Ballybough Road, Ballybough, Dublin, IRL, 3

Website

https://www.imcexploration.com

IMC Exploration Group PLC is engaged in the discovery of gold, silver and base metals in Ireland. The projects of the company include Avoca Mines and North Wexford gold project.

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