MMILF (Metro Mining) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2024)

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What is Metro 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. Metro Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.32.

Metro Mining's long-term debt to total assets ratio declined from Dec. 2023 (0.33) to Dec. 2024 (0.32). It may suggest that Metro Mining is progressively becoming less dependent on debt to grow their business.

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

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

Metro Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.16

0.37

0.12

0.33

0.32

Metro 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															0.12	0.52	0.33	0.31	0.32

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

Metro Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	48.892	/	154.025
	=	0.32

Metro 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 )
	=	48.892	/	154.025
	=	0.32

Metro Mining (OTCPK:MMILF) 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.

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

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Metro Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

6ME:Germany MMI:Australia

Address

135 Wickham Terrace, Level 4, Spring Hill, Brisbane, QLD, AUS, 4000

Website

https://www.metromining.com.au

Metro Mining Ltd operates an Australian exploration and mining company based in Brisbane, Queensland. Its flagship project is the Bauxite Hills Mine. The principal activities of the Group are the exploration, mining, and sale of bauxite, and the brownfield expansion of the Bauxite Hills Mine. The Group's customers are located in one geographic area, China, with all of the revenue from the sales of bauxite derived from that area.

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