Volcan Compania MineraA (LIM:VOLCAAC1) LT-Debt-to-Total-Asset : 0.40 (As of Sep. 2024)

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What is Volcan Compania MineraA 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. Volcan Compania MineraA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.40.

Volcan Compania MineraA's long-term debt to total assets ratio increased from Sep. 2023 (0.37) to Sep. 2024 (0.40). It may suggest that Volcan Compania MineraA is progressively becoming more dependent on debt to grow their business.

Volcan Compania MineraA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Volcan Compania MineraA'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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Volcan Compania MineraA LT-Debt-to-Total-Asset Chart

Volcan Compania MineraA Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.36

Volcan Compania MineraA 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															0.37	0.36	0.37	0.34	0.40

Volcan Compania MineraA LT-Debt-to-Total-Asset Calculation

Volcan Compania MineraA'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 )
	=	2490.826	/	6996.904
	=	0.36

Volcan Compania MineraA'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 )
	=	2734.284	/	6905.587
	=	0.40

Volcan Compania MineraA (LIM:VOLCAAC1) 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.

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Volcan Compania MineraA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Compania Minera SAA (LIM:VOLCAAC1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

VOLCABC1:Peru XVOLB:Spain

Address

Avenida Manuel Olguin 373, Santiago de Surco, Lima, PER

Website

https://www.volcan.com.pe

Volcan Compania Minera SAA is a Peruvian mining company. All of its operations are located in the central mountains of the Peruvian Andes, which include operating units such as Yauli, Chungar, Alpamarca, and Cerro de Pasco. These four operating units include a total of 10 mines, seven concentrator plants, and an oxide leaching plant. Zinc constitutes the largest contribution to consolidated revenue, and with silver, makes up the vast majority of sales. In addition to the zinc and silver business, the company also mines lead, copper, and gold.

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