CMOC Group (HKSE:03993) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is CMOC Group 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. CMOC Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

CMOC Group's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Jun. 2024 (0.09). It may suggest that CMOC Group is progressively becoming less dependent on debt to grow their business.

CMOC Group LT-Debt-to-Total-Asset Historical Data

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

CMOC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.16

0.11

0.13

0.12

CMOC Group 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															0.12	0.12	0.11	0.09	-

CMOC Group LT-Debt-to-Total-Asset Calculation

CMOC Group'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 )
	=	22967.887	/	189195.89
	=	0.12

CMOC Group'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 )
	=	18604.091	/	200107.775
	=	0.09

CMOC Group (HKSE:03993) 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.

CMOC Group LT-Debt-to-Total-Asset Related Terms

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CMOC Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMOC Group Ltd (HKSE:03993) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CMCLF:USA D7N:Germany 603993:China

Address

North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500

Website

https://www.cmoc.com

CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager

CMOC Group Headlines

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