Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA 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. Sociedad Minera Cerro VerdeA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Sociedad Minera Cerro VerdeA's long-term debt to total assets ratio declined from Dec. 2021 (0.01) to Dec. 2023 (0.01). It may suggest that Sociedad Minera Cerro VerdeA is progressively becoming less dependent on debt to grow their business.

Sociedad Minera Cerro VerdeA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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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Sociedad Minera Cerro VerdeA LT-Debt-to-Total-Asset Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.08

0.01

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.12	0.08	0.01	0.01	0.01

Sociedad Minera Cerro VerdeA LT-Debt-to-Total-Asset Calculation

Sociedad Minera Cerro VerdeA'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 )
	=	49.683	/	7930.91
	=	0.01

Sociedad Minera Cerro VerdeA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	49.683	/	7930.91
	=	0.01

Sociedad Minera Cerro VerdeA (OTCPK:SMRAF) 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.

Sociedad Minera Cerro VerdeA LT-Debt-to-Total-Asset Related Terms

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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (OTCPK:SMRAF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CVERDEC1:Peru

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Headlines

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