MAC Copper (ASX:MAC) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2024)

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What is MAC Copper LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. MAC Copper's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.28.

MAC Copper's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Jun. 2024 (0.28). It may suggest that MAC Copper is progressively becoming more dependent on debt to grow their business.

MAC Copper LT-Debt-to-Total-Asset Historical Data

The historical data trend for MAC Copper's LT-Debt-to-Total-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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MAC Copper LT-Debt-to-Total-Asset Chart

MAC Copper Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.30

0.25

MAC Copper Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	0.30	0.28	0.25

MAC Copper LT-Debt-to-Total-Asset Calculation

MAC Copper's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	553.714	/	2222.578
	=	0.25

MAC Copper's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	557.64	/	2000.882
	=

MAC Copper (ASX:MAC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

MAC Copper LT-Debt-to-Total-Asset Related Terms

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MAC Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MAC Copper Ltd (ASX:MAC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTAL:USA 7OIA:Germany

Address

44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG

Website

https://www.metalsacquisition.com

MAC Copper Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the world-wide economy.