ArcelorMittal (WBO:MT) Debt-to-Asset : 0.12 (As of Sep. 2024)

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What is ArcelorMittal Debt-to-Asset?

ArcelorMittal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,123 Mil. ArcelorMittal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €8,022 Mil. ArcelorMittal's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €83,944 Mil. ArcelorMittal's debt to asset for the quarter that ended in Sep. 2024 was 0.12.

ArcelorMittal Debt-to-Asset Historical Data

The historical data trend for ArcelorMittal'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.

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ArcelorMittal Debt-to-Asset Chart

ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.15

0.09

0.12

0.11

ArcelorMittal 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															0.11	0.11	0.11	0.12	0.12

Competitive Comparison of ArcelorMittal's Debt-to-Asset

For the Steel subindustry, ArcelorMittal'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.

ArcelorMittal's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ArcelorMittal's Debt-to-Asset distribution charts can be found below:

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

ArcelorMittal Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ArcelorMittal'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
	=	(2120.104	+	7674.373)	/	86121.889
	=	0.11

ArcelorMittal'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
	=	(2122.756	+	8021.603)	/	83944.368
	=	0.12

ArcelorMittal (WBO:MT) 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.

ArcelorMittal Debt-to-Asset Related Terms

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ArcelorMittal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (WBO:MT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARRJ:Germany ARRD:Germany ARRD:Germany ARRJ:Germany ARRD:Germany ARMT34:Brazil

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from United States.