Nickel Asia (PHS:NIKL) Debt-to-Asset : 0.16 (As of Mar. 2024)

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What is Nickel Asia Debt-to-Asset?

Nickel Asia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱6,214 Mil. Nickel Asia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱3,105 Mil. Nickel Asia's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₱58,073 Mil. Nickel Asia's debt to asset for the quarter that ended in Mar. 2024 was 0.16.

Nickel Asia Debt-to-Asset Historical Data

The historical data trend for Nickel Asia'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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Nickel Asia Debt-to-Asset Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.06

0.09

0.16

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.11	0.12	0.16	0.16	0.16

Competitive Comparison of Nickel Asia's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.

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

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

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

Nickel Asia Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nickel Asia'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
	=	(6248.205	+	3120.911)	/	57926.809
	=	0.16

Nickel Asia's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6214.314	+	3105.142)	/	58072.819
	=	0.16

Nickel Asia (PHS:NIKL) 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.

Nickel Asia Debt-to-Asset Related Terms

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Nickel Asia (PHS:NIKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (PHS:NIKL) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

NCKAF:USA

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.