Usinas Siderurgicas de Minas Gerais (BSP:USIM3) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais 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. Usinas Siderurgicas de Minas Gerais's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Usinas Siderurgicas de Minas Gerais's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.15). It may suggest that Usinas Siderurgicas de Minas Gerais is progressively becoming more dependent on debt to grow their business.

Usinas Siderurgicas de Minas Gerais LT-Debt-to-Total-Asset Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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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Usinas Siderurgicas de Minas Gerais LT-Debt-to-Total-Asset Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.20

0.16

0.15

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	0.15	0.15	0.15

Usinas Siderurgicas de Minas Gerais LT-Debt-to-Total-Asset Calculation

Usinas Siderurgicas de Minas Gerais'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 )
	=	5855.413	/	40161.751
	=	0.15

Usinas Siderurgicas de Minas Gerais's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5969.322	/	39444.454
	=	0.15

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais LT-Debt-to-Total-Asset Related Terms

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Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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