IRC (IRCWF) Debt-to-Asset : 0.15 (As of Dec. 2023)

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What is IRC Debt-to-Asset?

IRC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.9 Mil. IRC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $49.5 Mil. IRC's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $451.0 Mil. IRC's debt to asset for the quarter that ended in Dec. 2023 was 0.15.

IRC Debt-to-Asset Historical Data

The historical data trend for IRC'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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IRC Debt-to-Asset Chart

IRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.38

0.31

0.16

0.13

0.15

IRC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.16	0.13	0.14	0.15

Competitive Comparison of IRC's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, IRC'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.

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

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

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

IRC Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

IRC'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
	=	(17.925	+	49.454)	/	451.037
	=	0.15

IRC'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
	=	(17.925	+	49.454)	/	451.037
	=	0.15

IRC (OTCPK:IRCWF) 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.

IRC Debt-to-Asset Related Terms

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IRC (IRCWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IRC Ltd (OTCPK:IRCWF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

01029:Hong Kong

Address

6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG

Website

http://www.ircgroup.com.hk

IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has a geographical business presence in the region of the People's Republic of China and Russia, and the majority revenue comes from PRC.

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