29Metals (ASX:29M) Debt-to-Asset : 0.28 (As of Dec. 2023)

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What is 29Metals Debt-to-Asset?

29Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$120.0 Mil. 29Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$151.3 Mil. 29Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$981.2 Mil. 29Metals's debt to asset for the quarter that ended in Dec. 2023 was 0.28.

29Metals Debt-to-Asset Historical Data

The historical data trend for 29Metals's Debt-to-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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29Metals Debt-to-Asset Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.20

0.18

0.21

0.28

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	0.18	0.16	0.21	0.31	0.28

Competitive Comparison of 29Metals's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, 29Metals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

29Metals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where 29Metals's Debt-to-Asset falls into.

29Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

29Metals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(119.99	+	151.343)	/	981.205
	=	0.28

29Metals's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(119.99	+	151.343)	/	981.205
	=	0.28

29Metals (ASX:29M) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

29Metals Debt-to-Asset Related Terms

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29Metals (ASX:29M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver).

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