ArcelorMittal South Africa (JSE:ACL) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is ArcelorMittal South Africa 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. ArcelorMittal South Africa's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

ArcelorMittal South Africa's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.10). It may suggest that ArcelorMittal South Africa is progressively becoming more dependent on debt to grow their business.

ArcelorMittal South Africa LT-Debt-to-Total-Asset Historical Data

The historical data trend for ArcelorMittal South Africa'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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ArcelorMittal South Africa LT-Debt-to-Total-Asset Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.21

0.13

0.10

ArcelorMittal South Africa 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															0.13	0.09	0.10	0.09	0.10

ArcelorMittal South Africa LT-Debt-to-Total-Asset Calculation

ArcelorMittal South Africa's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2856	/	29110
	=	0.10

ArcelorMittal South Africa'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 )
	=	2856	/	29110
	=	0.10

ArcelorMittal South Africa (JSE:ACL) 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.

ArcelorMittal South Africa LT-Debt-to-Total-Asset Related Terms

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ArcelorMittal South Africa (JSE:ACL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (JSE:ACL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ARCXF:USA ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.

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