Sociedad Minera Corona (LIM:MINCORC1) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2022)

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What is Sociedad Minera Corona 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. Sociedad Minera Corona's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.01.

Sociedad Minera Corona's long-term debt to total assets ratio increased from Jun. 2021 (0.00) to Dec. 2022 (0.01). It may suggest that Sociedad Minera Corona is progressively becoming more dependent on debt to grow their business.

Sociedad Minera Corona LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sociedad Minera Corona'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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Sociedad Minera Corona LT-Debt-to-Total-Asset Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.12

Sociedad Minera Corona Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.03	0.01	0.12

Sociedad Minera Corona LT-Debt-to-Total-Asset Calculation

Sociedad Minera Corona'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 )
	=	115.221	/	1006.16
	=	0.11

Sociedad Minera Corona's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	9.522	/	930.144
	=

Sociedad Minera Corona (LIM:MINCORC1) 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.

Sociedad Minera Corona LT-Debt-to-Total-Asset Related Terms

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Sociedad Minera Corona (LIM:MINCORC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORC1) » Definitions » LT-Debt-to-Total-Asset

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MINCORI1:Peru

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

Sociedad Minera Corona (LIM:MINCORC1) Headlines

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