Methanex (Methanex) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Methanex 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. Methanex's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Methanex's long-term debt to total assets ratio declined from Dec. 2022 (0.44) to Dec. 2023 (0.40). It may suggest that Methanex is progressively becoming less dependent on debt to grow their business.

Methanex LT-Debt-to-Total-Asset Historical Data

The historical data trend for Methanex'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.

* Premium members only.

Methanex LT-Debt-to-Total-Asset Chart

Methanex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.45

0.52

0.45

0.44

0.40

Methanex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.44	0.45	0.45	0.40

Methanex LT-Debt-to-Total-Asset Calculation

Methanex'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 )
	=	2578.474	/	6426.555
	=	0.40

Methanex'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 )
	=	2578.474	/	6426.555
	=	0.40

Methanex (NAS:MEOH) 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.

Methanex LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Methanex's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Methanex (Methanex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Methanex Corp (NAS:MEOH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MEOH:Mexico MX5:Germany MX:Canada

Address

200 Burrard Street, 1800 Waterfront Centre, Vancouver, BC, CAN, V6C 3M1

Website

https://www.methanex.com

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines. China generates the most revenue of any geographical segment.

Executives

M&g Investment Management Ltd

10 percent owner

10 FENCHURCH AVENUE, LONDON X0 EC3M 5AG