Noranda Aluminum Holding (FRA:NAF1) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2015)

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What is Noranda Aluminum Holding 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. Noranda Aluminum Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2015 was 0.00.

Noranda Aluminum Holding's long-term debt to total assets ratio declined from Dec. 2014 (0.50) to Dec. 2015 (0.00). It may suggest that Noranda Aluminum Holding is progressively becoming less dependent on debt to grow their business.

Noranda Aluminum Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Noranda Aluminum Holding'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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Noranda Aluminum Holding LT-Debt-to-Total-Asset Chart

Noranda Aluminum Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

LT-Debt-to-Total-Asset

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0.31

0.44

0.50

Noranda Aluminum Holding Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.50	0.49	0.51	0.59	-

Noranda Aluminum Holding LT-Debt-to-Total-Asset Calculation

Noranda Aluminum Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

LT Debt to Total Assets (A: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2015 )	/	Total Assets (A: Dec. 2015 )
	=	0	/	998.417
	=	0.00

Noranda Aluminum Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2015 is calculated as

LT Debt to Total Assets (Q: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2015 )	/	Total Assets (Q: Dec. 2015 )
	=	0	/	998.417
	=	0.00

Noranda Aluminum Holding (FRA:NAF1) 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.

Noranda Aluminum Holding LT-Debt-to-Total-Asset Related Terms

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Noranda Aluminum Holding (FRA:NAF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (FRA:NAF1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067

Website

http://www.norandaaluminum.com

Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.

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