Mandalay Resources (TSX:MND) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Mandalay Resources 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. Mandalay Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Mandalay Resources's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.02). It may suggest that Mandalay Resources is progressively becoming less dependent on debt to grow their business.

Mandalay Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mandalay Resources'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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Mandalay Resources LT-Debt-to-Total-Asset Chart

Mandalay Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.15

0.10

0.08

0.07

Mandalay Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.08	0.02	0.02

Mandalay Resources LT-Debt-to-Total-Asset Calculation

Mandalay Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	29.172	/	396.105
	=	0.07

Mandalay Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.524	/	438.522
	=	0.01

Mandalay Resources (TSX:MND) 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.

Mandalay Resources LT-Debt-to-Total-Asset Related Terms

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Mandalay Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (TSX:MND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MNDJF:USA R7X2:Germany

Address

76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a is a gold and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. Its assets consist of the Costerfield gold and antimony mine in Australia, the Bjorkdal gold mine in Sweden, as well as other exploration and care and maintenance projects in Chile and Canada.

Executives

Abraham Jonker	Director
Frazer William Bourchier	Senior Officer
Dominic Francis Duffy	Director
Amy Leanne Freedman	Director
Gmt Capital Corp	10% Security Holder
Belinda Elaine Labatte	Senior Officer
Bradford Mills	Director, Senior Officer

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