Sierra Metals (TSX:SMT) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is Sierra Metals 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. Sierra Metals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

Sierra Metals's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.26). It may suggest that Sierra Metals is progressively becoming more dependent on debt to grow their business.

Sierra Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sierra Metals'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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Sierra Metals LT-Debt-to-Total-Asset Chart

Sierra Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.19

0.15

0.01

0.10

Sierra Metals 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															-	0.10	-	0.28	0.26

Sierra Metals LT-Debt-to-Total-Asset Calculation

Sierra Metals'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 )
	=	41.516	/	421.418
	=	0.10

Sierra Metals'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 )
	=	119.898	/	458.078
	=	0.26

Sierra Metals (TSX:SMT) 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.

Sierra Metals LT-Debt-to-Total-Asset Related Terms

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Sierra Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SMTSF:USA DFXN:Germany DFXN:Germany

Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J3

Website

https://www.sierrametals.com

Sierra Metals Inc is a precious and base metals producer in Peru and Mexico. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold. Sierra has interests in the Yauricocha Mine in Peru, and the Bolivar and Cusi Mines, Mexico. The majority of the revenue comes from selling the mineral concentrates to its customers in Peru.

Executives

J. Alberto Arias	Director or Senior Officer of 10% Security Holder
Ernesto Balarezo	Director, Senior Officer
Patricia Munoz Kosa	Senior Officer
Miguel Aramburu	Director
Robert Mcdowell Neal	Director
Jose Vizquerra	Director
Michael Mcallister	Senior Officer
Rajesh Vyas	Senior Officer
Luis Carlos Marchese	Director, Senior Officer
Jill Neff	Senior Officer
Philip Renaud	Director
Igor Gonzales	Director, Senior Officer

Sierra Metals Headlines

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