McEwen Mining (TSX:MUX) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is McEwen Mining 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. McEwen Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

McEwen Mining's long-term debt to total assets ratio stayed the same from Dec. 2023 (0.06) to Dec. 2024 (0.06).

McEwen Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for McEwen Mining'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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McEwen Mining LT-Debt-to-Total-Asset Chart

McEwen Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.10

0.06

McEwen Mining 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															0.06	0.06	0.05	0.05	0.06

McEwen Mining LT-Debt-to-Total-Asset Calculation

McEwen Mining'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 )
	=	58.873	/	946.888
	=	0.06

McEwen Mining'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 )
	=	58.873	/	946.888
	=	0.06

McEwen Mining (TSX:MUX) 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.

McEwen Mining LT-Debt-to-Total-Asset Related Terms

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McEwen Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (TSX:MUX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MUX:USA MUX:Mexico 1MUX:Italy 0JZT:UK US8:Germany US8:Germany MUX:Austria

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company primarily generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. More than half of the company's gold output comes from the El Gallo 1 mine, while the remaining gold production and the majority of silver production are sourced from the San Jose mine. Geographically, most production occurs in the United States.