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Freeport-McMoRan (BUE:FCX) Debt-to-Asset : 0.18 (As of Dec. 2024)


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What is Freeport-McMoRan Debt-to-Asset?

Freeport-McMoRan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ARS140,390 Mil. Freeport-McMoRan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ARS9,694,990 Mil. Freeport-McMoRan's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was ARS55,396,481 Mil. Freeport-McMoRan's debt to asset for the quarter that ended in Dec. 2024 was 0.18.

Freeport-McMoRan Debt-to-Asset Historical Data

The historical data trend for Freeport-McMoRan'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.

* Premium members only.

Freeport-McMoRan Debt-to-Asset Chart

Freeport-McMoRan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.20 0.21 0.19 0.18

Freeport-McMoRan Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.17 0.17 0.18 0.18

Competitive Comparison of Freeport-McMoRan's Debt-to-Asset

For the Copper subindustry, Freeport-McMoRan'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.

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

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

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


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Freeport-McMoRan Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Freeport-McMoRan's Debt-to-Asset for the fiscal year that ended in Dec. 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
=(140390.001 + 9694990.097) / 55396480.554
=0.18

Freeport-McMoRan's Debt-to-Asset for the quarter that ended in Dec. 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
=(140390.001 + 9694990.097) / 55396480.554
=0.18

* 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.

Freeport-McMoRan  (BUE:FCX) 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.

Freeport-McMoRan Debt-to-Asset Related Terms

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Freeport-McMoRan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (BUE:FCX) » Definitions » Debt-to-Asset
Comparable Companies
SCCO IE MTAL COPR LSE:ANTO LIM:CVERDEC1 TSX:FM SHSE:600362 TSX:LUN WAR:KGH SZSE:000630 HKSE:01208 SZSE:000878 ASX:SFR TSX:HBM HKSE:01258 SZSE:000737 SZSE:002203 BOM:513599 SHSE:601137
Traded in Other Exchanges
FCX:USA FCX:Peru FCX:Mexico FCX_KZ:Kazakhstan 1FCX:Italy FPMBd:UK 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria
Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Website
https://www.fcx.com
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.