CSN Mineracao (BSP:CMIN3) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2023)

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What is CSN Mineracao 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. CSN Mineracao's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.26.

CSN Mineracao's long-term debt to total assets ratio declined from Dec. 2022 (0.29) to Dec. 2023 (0.26). It may suggest that CSN Mineracao is progressively becoming less dependent on debt to grow their business.

CSN Mineracao LT-Debt-to-Total-Asset Historical Data

The historical data trend for CSN Mineracao'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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CSN Mineracao LT-Debt-to-Total-Asset Chart

CSN Mineracao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.16

0.29

0.26

CSN Mineracao Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.28	0.28	0.28	0.26

CSN Mineracao LT-Debt-to-Total-Asset Calculation

CSN Mineracao's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7733.799	/	29690.605
	=	0.26

CSN Mineracao's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7733.799	/	29690.605
	=	0.26

CSN Mineracao (BSP:CMIN3) 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.

CSN Mineracao LT-Debt-to-Total-Asset Related Terms

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CSN Mineracao (BSP:CMIN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSN Mineracao SA (BSP:CMIN3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000

Website

https://www.csn.com.br

CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others.

CSN Mineracao (BSP:CMIN3) Headlines

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