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First Quantum Minerals (TSX:FM) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)


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What is First Quantum Minerals 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. First Quantum Minerals's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

First Quantum Minerals's long-term debt to total assets ratio declined from Dec. 2023 (0.28) to Dec. 2024 (0.24). It may suggest that First Quantum Minerals is progressively becoming less dependent on debt to grow their business.

First Quantum Minerals LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Quantum Minerals'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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First Quantum Minerals LT-Debt-to-Total-Asset Chart

First Quantum Minerals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.30 0.27 0.28 0.24

First Quantum Minerals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.25 0.25 0.23 0.24

First Quantum Minerals LT-Debt-to-Total-Asset Calculation

First Quantum Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )/Total Assets (A: Dec. 2024 )
=8325.947/34345.243
=0.24

First Quantum Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=8325.947/34345.243
=0.24

* 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.

First Quantum Minerals  (TSX:FM) 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.

First Quantum Minerals LT-Debt-to-Total-Asset Related Terms

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First Quantum Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
FQVLF:USA IZ1:Germany IZ1:Germany
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
Website
https://www.first-quantum.com
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
Executives
Charles Kevin Mcarthur Director
Joanne Warner Director
Alison Cheryl Beckett Director
Kathleen Applegate Hogenson Director
Simon John Scott Director
Zenon Wozniak Senior Officer
Ryan Leslie Macwilliam Senior Officer
Jiangxi Copper Company Limited 10% Security Holder
Rudi Badenhorst Senior Officer
John Lewis Gregory Senior Officer
Philip K.r. Pascall Director
G. Clive Newall Director
Hannes Meyer Senior Officer
Peter St. George Director
Anthony Tristan Pascall Director