FCX (Freeport-McMoRan) Debt-to-Asset : 0.18 (As of Sep. 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 Sep. 2024 was $769 Mil. Freeport-McMoRan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8,910 Mil. Freeport-McMoRan's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $55,400 Mil. Freeport-McMoRan's debt to asset for the quarter that ended in Sep. 2024 was 0.17.

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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.24

0.20

0.21

0.19

Freeport-McMoRan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.18	0.19	0.17	0.17	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.

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. 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
	=	(850	+	9003)	/	52506
	=	0.19

Freeport-McMoRan's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(769	+	8910)	/	55400
	=	0.17

Freeport-McMoRan (NYSE: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

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

Freeport-McMoRan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (NYSE:FCX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FCX:Peru FCX:Mexico 1FCX:Italy FPMBd:UK 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria FCX:Argentina

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 2023, 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. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Executives

Maree E. Robertson	officer: SVP & CFO	333 N. CENTRAL AVE., PHOENIX AZ 85004
Stephen T. Higgins	officer: Senior VP & CAO	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Richard C Adkerson	officer: President and CFO
Ellie L. Mikes	officer: Chief Accounting Officer	333 N. CENTRAL AVE., PHOENIX AZ 85004
Currault Douglas N. Ii	officer: Senior VP & General Counsel	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Sara Grootwassink Lewis	director	C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815
Ryan Michael Lance	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Robert W. Dudley	director	333 NORTH CENTRAL AVENUE, PHOENIX AZ 85004
David P Abney	director	55 GLENLAKE PARWAY, NE, ATLANTA GA 30328
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Dustan E Mccoy	director
Hugh Grant	director	C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Whitmire C Donald Jr	officer: Vice President and Controller
Kathleen L Quirk	officer: SVP, CFO, Treasurer	1615 POYDRAS STREET, NEW ORLEANS LA 70112
Gerald J Ford	director	200 CRESCENT CT STE 1350, DALLAS TX 75201