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Glencore (JSE:GLN) Debt-to-Asset : 0.26 (As of Jun. 2024)


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What is Glencore Debt-to-Asset?

Glencore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R158,527 Mil. Glencore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R419,723 Mil. Glencore's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was R2,224,208 Mil. Glencore's debt to asset for the quarter that ended in Jun. 2024 was 0.26.

Glencore Debt-to-Asset Historical Data

The historical data trend for Glencore'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.

Glencore Debt-to-Asset Chart

Glencore Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.32 0.27 0.22 0.26

Glencore Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.22 0.22 0.24 0.26 0.26

Competitive Comparison of Glencore's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Glencore'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.

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

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

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


Glencore Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Glencore'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
=(204327.285 + 396412.82) / 2308026.303
=0.26

Glencore's Debt-to-Asset for the quarter that ended in Jun. 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
=(158527.118 + 419722.753) / 2224208.081
=0.26

* 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.

Glencore  (JSE:GLN) 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.

Glencore Debt-to-Asset Related Terms

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

Glencore Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (JSE:GLN) » Definitions » Debt-to-Asset
Comparable Companies
LSE:AAL LSE:RIO LSE:ADT1 LSE:KMR LSE:SOLG LSE:ECOR LSE:GFM LSE:JLP LSE:CAPD LSE:ALL ASX:BHP ASX:RIO BSP:VALE3 ASX:FMG SAU:1211 MEX:GMEXICOB MIC:GMKN TSX:TECK.B HKSE:03993 BOM:500188
Traded in Other Exchanges
GLNCY:USA GLCNF:USA 0IVW:UK GLENl:UK GLEN:UK 8GC:Germany
Address
Baarermattstrasse 3, Baar, CHE, CH-6340
Website
https://www.glencore.com
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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