MNGG (Mining Global) LT-Debt-to-Total-Asset: 0.00 (As of Nov. 2023)


What is Mining Global LT-Debt-to-Total-Asset?

Mining Global MNGG -99.00% LT-Debt-to-Total-Asset is 0.00 as of Nov. 2023.

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. Mining Global's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.00.

Mining Global's long-term debt to total assets ratio declined from Nov. 2022 (0.27) to Nov. 2023 (0.00). It may suggest that Mining Global is progressively becoming less dependent on debt to grow their business.

Mining Global  (OTCPK:MNGG) 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.

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

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

* Premium members only.

The historical data trend for Mining Global'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.

Mining Global LT-Debt-to-Total-Asset Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.34 0.34 0.18 0.00

Mining Global Quarterly Data
Feb12 May12 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Nov20 Feb21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.26 0.26 0.00 0.00

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

Mining Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (A: Aug. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2022 )/Total Assets (A: Aug. 2022 )
=0/0
=

Mining Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )/Total Assets (Q: Nov. 2023 )
=0/0.013
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.00 mean?
Mining Global (MNGG) has a LT-Debt-to-Total-Asset of 0.00 as of Nov. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Mining Global and its competitors.
Is Mining Global's LT-Debt-to-Total-Asset too high?
Mining Global's current LT-Debt-to-Total-Asset is 0.00.
How does Mining Global's LT-Debt-to-Total-Asset compare to STAL and BMXI?
Mining Global's LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?
A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Mining Global and its competitors. Mining Global's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Global stock overvalued right now?
Mining Global (MNGG) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Mining Global (MNGG), the current LT-Debt-to-Total-Asset is 0.00 as of Nov. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Global Business Description

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401
Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.