Sumitomo Metal Mining Co (TSE:5713) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Sumitomo Metal Mining Co 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. Sumitomo Metal Mining Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Sumitomo Metal Mining Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.11). It may suggest that Sumitomo Metal Mining Co is progressively becoming less dependent on debt to grow their business.

Sumitomo Metal Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sumitomo Metal Mining Co'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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Sumitomo Metal Mining Co LT-Debt-to-Total-Asset Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.13

0.09

0.11

0.13

Sumitomo Metal Mining Co 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															0.13	0.14	0.13	-	0.11

Sumitomo Metal Mining Co LT-Debt-to-Total-Asset Calculation

Sumitomo Metal Mining Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	396679	/	3023844
	=	0.13

Sumitomo Metal Mining Co'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 )
	=	367087	/	3260216
	=	0.11

Sumitomo Metal Mining Co (TSE:5713) 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.

Sumitomo Metal Mining Co LT-Debt-to-Total-Asset Related Terms

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Sumitomo Metal Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (TSE:5713) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

STMNF:USA SMMYY:USA S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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