Mineral Resources (FRA:F5J) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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What is Mineral 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. Mineral Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

Mineral Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.37) to Dec. 2023 (0.43). It may suggest that Mineral Resources is progressively becoming more dependent on debt to grow their business.

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

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

Mineral Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.34

0.26

0.19

0.38

0.37

Mineral Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.38	0.37	0.37	0.43

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

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1944.619	/	5200.517
	=	0.37

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2899.23	/	6723.255
	=	0.43

Mineral Resources (FRA:F5J) 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.

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

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Mineral Resources (FRA:F5J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (FRA:F5J) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MALRY:USA MALRF:USA MIN:Australia

Address

20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017

Website

https://www.mineralresources.com.au

Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.

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