Ternium (Ternium) Debt-to-Asset : 0.09 (As of Mar. 2024)

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What is Ternium Debt-to-Asset?

Ternium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $969 Mil. Ternium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,362 Mil. Ternium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $24,669 Mil. Ternium's debt to asset for the quarter that ended in Mar. 2024 was 0.09.

Ternium Debt-to-Asset Historical Data

The historical data trend for Ternium'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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Ternium Debt-to-Asset Chart

Ternium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.16

0.10

0.07

0.10

Ternium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.06	0.10	0.10	0.09

Competitive Comparison of Ternium's Debt-to-Asset

For the Steel subindustry, Ternium'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.

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

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

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

Ternium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ternium'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
	=	(992.627	+	1394.874)	/	24179.104
	=	0.10

Ternium's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(969	+	1362)	/	24669
	=	0.09

Ternium (NYSE:TX) 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.

Ternium Debt-to-Asset Related Terms

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Ternium (Ternium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium SA (NYSE:TX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TX:Mexico T5Z:Germany T5Z:Germany TXSA34:Brazil TXR:Argentina

Address

26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449

Website

https://www.ternium.com

Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.