IMC (FRA:IM4) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2024)

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What is IMC 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. IMC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.35.

IMC's long-term debt to total assets ratio declined from Sep. 2023 (0.39) to Sep. 2024 (0.35). It may suggest that IMC is progressively becoming less dependent on debt to grow their business.

IMC LT-Debt-to-Total-Asset Historical Data

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

IMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.31

0.38

0.35

0.32

IMC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.32	0.37	0.37	0.35

IMC LT-Debt-to-Total-Asset Calculation

IMC'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 )
	=	91.783	/	286.291
	=	0.32

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	105.926	/	307.434
	=	0.34

IMC (FRA:IM4) 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.

IMC LT-Debt-to-Total-Asset Related Terms

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IMC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » IMC SA (FRA:IM4) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IMC:Poland

Address

16 rue Erasme, Grand Duchy Luxembourg, LUX, L-1468

Website

https://www.imcagro.com.ua

IMC SA is an integrated agricultural company operating in Ukraine. The company's activities are the cultivation of grain and oilseeds crops, potato production; dairy farming; storage and processing of grain and oilseeds crops. The Group operates in three segments: crop farming, dairy farming, elevators and warehouses. Crop farming segment, deals with cultivation and sale of such basic agricultural crops as corn and wheat. Dairy farming segment deals with breeding and sale of biological assets and agricultural products of live farming. Basic agricultural product of live farming for sale in this segment is milk. Elevators and warehouses segment deals with storage and processing of agricultural produce.

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