Kumba Iron Ore (Kumba Iron Ore) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is Kumba Iron Ore Debt-to-Asset?

Kumba Iron Ore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $232 Mil. Kumba Iron Ore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10 Mil. Kumba Iron Ore's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $5,298 Mil. Kumba Iron Ore's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Kumba Iron Ore Debt-to-Asset Historical Data

The historical data trend for Kumba Iron Ore'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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Kumba Iron Ore Debt-to-Asset Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.09

0.05

Kumba Iron Ore 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															0.01	-	0.09	0.01	0.05

Competitive Comparison of Kumba Iron Ore's Debt-to-Asset

For the Steel subindustry, Kumba Iron Ore'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.

Kumba Iron Ore's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kumba Iron Ore's Debt-to-Asset distribution charts can be found below:

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

Kumba Iron Ore Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kumba Iron Ore'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
	=	(231.849	+	9.607)	/	5298.399
	=	0.05

Kumba Iron Ore'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
	=	(231.849	+	9.607)	/	5298.399
	=	0.05

Kumba Iron Ore (OTCPK:KIROY) 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.

Kumba Iron Ore Debt-to-Asset Related Terms

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Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

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